Monday, February 6, 2012

Gradual Shakeout

We already know the Democratic presidential candidate will run on his record.     

 The Great Recession ended under his watch, and despite congressional gridlock, the nation's economy is slowly turning around.

Whether the incumbent is opposed by Mitt or Newt, we will hear loads of promises about job creation, lower taxes and increased opportunity. The problem with that is neither has a track record of making that happen.

Selling off the assets of floundering companies may create limited profits, but it does not put people back to work.Instead, people with jobs are declared surplus, and the machines they used to run to turn out products are shipped abroad for use in sweat shops.

Deregulation that makes outsourcing easier takes away the incentives for domestic growth as quickly as raising taxes.  Contract workers cost about one-third less than permanent staffers and have none of the protections of employees.

Luckily, private sector job creation  is up, and first time unemployment claims are down. All the negative ads and campaign talking points in the world cannot change reality.

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