JOBS & THE ECONOMY:
Look, I'm sorry to tell you that the true unemployment rate is North
of 15%. In spite of some recent optimism in the stock market, there is a
good chance that things are going to get significantly worse on "Main
Street" before we
climb out of this financial hole. We may even be facing a "Double Dip"
recession. We could also be looking at severe inflation as the
government continues to print money reflecting assets that we don't
have. Our kids are already burdened with financial liabilities beyond
our comprehension. Even the Chinese no longer want to buy our debt.
In my opinion, every move of the Obama Administration is suspect and probably
designed to achieve the destruction of our capitalist economy. This includes a
plethora of maneuvers such as oncoming massive tax hikes, banning of off-shore oil
drilling in the gulf, expansion of the federal jobs sector, huge pending
health-care costs, immigration "reform", Cap and trade and a host of other
Our only hope is to defeat the democrats this fall and re-capture the House
of Representatives so as to block all further ObamaNation programs. Then we can
set about reversing the health care legislation, quelling taxes, etc.
To some extent we need to let the recession correct itself. There is no such
thing as risk-free investing. We've got to suck it up and move on without any
more bailouts. Jobs will return gradually. We must stop shipping them abroad or
giving them (discounted) to Mexican interlopers. Benefits and pay rates must be
realistic as small business is coaxed & encouraged to struggle back into the
game with various regulatory and tax incentives generated at a state level.
Unions must be thwarted in their attempts to re-capture the American
Workplace with such devious stratagems as "Card-Check" whereby unionization
occurs without the protections of the secret ballot.
We have got to halt the Welfare 'Gravy Train' whereby 47% of our citizens get
more from government than they return in taxes. There was a lot to be said for
the days when the only people voting were landed "Stakeholders." Sadly, I am
compelled to say that in my opinion, our financial problems are exacerbated by
universal adult suffrage whereby millions of non-stakeholders can vote
themselves a free ride, while the political parties pander to these
'Welfare-voters' and essentially purchase their votes with handouts. The
situation is made worse by the Seventeenth Amendment whereby the Senate is now
elected, no longer represents the States' interests per se; and has become part
of the Anti-Federalist 'democratization' of America. The founders would turn in
their graves, were they aware of these changes to their plan.
Anyhow, a little fiscal restraint at this time, combined with tax reductions
and new business incentives would take us a long way down the road to recovery.
Meantime we need increased private charitable action to bridge the gap as we
decrease government-funded social services and balance our budgets.
How about the 40 Billionaire-Signatories to the recent
Bill & Melinda Gates/Warren Buffett "Giving Pledge" also promise to
back in The U.S.A.!" (I can already hear the Bruce Springsteen lyrics to that
THANK YOU FOR YOUR GRACIOUS
WILLIAM ESCOFFERY III,
- CONTACT DATA
- (850) 225-7228
- Postal address
- 265 Country Club Rd., Shalimar, FL 32579
- Electronic mail
- E-Mail: dr.Escoffery@SenateBill.US
- WEB-SITE: http://www.senateBill.us/
- Webmaster: dr.Escoffery@SenateBill.US
Candidate, U.S. SENATE, FL