The current Occupiers of the White House will claim the slight dip in the unemployment rate from 9 percent to 8.6 percent is proof the economy is beginning to lumber out of the recession they imposed on it. Don’t believe the spin. The economy continues to sink. Once the employment data is analyzed and the economic truth comes out, it will be seen that one of the probable reasons for the dip in the unemployment rate is that 315,000 more Americans have quit looking for work, making them persona non grata when it comes to being counted in employment statistics.
Denial runs deep in our corrupt, power-abusing government, does it not?
In addition to those 315,000 Americans who are statistically null and void, there are 14 million who are out of work. The proportion of Americans unemployed or underemployed has reached 18 percent, meaning the employment picture remains ominous.
Meanwhile, the debt continues to escalate, with Fedzilla borrowing $170 million every single hour.
Slice it any way you want, but what this adds up to is an employment and economic train wreck. And things are going to get much worse with Captain Trainwreck Obama at the controls.
Is a complete and total meltdown on the horizon? That depends, but it appears so, unless America dramatically reverses course politically, economically, socially and culturally.
America’s current economic model is analogous to Captain Smith of the Titanic being told the ship will, not might, hit an iceberg, but ordering the Titanic full speed ahead anyway. Shuffling the deck chairs won’t stop the coming collision.
Instead of adopting the findings of the debt commission that President Obama himself commissioned and that would have reduced the impact of Fedzilla by trillions of dollars, Mr. Obama played politics and ignored the commission’s critical recommendations. His lack of leadership on the debt was appalling.
During the supercommittee debate, the president’s lack of leadership was once again on parade for all the world to see. The president is aloof and removed on issues that seek to reduce Fedzilla’s gluttonous footprint, but he has been fully engaged on issues that expand Fedzilla’s footprint, like working tirelessly to create Obamacare and put America on a path for trillions more in debt.
There is no doubt Mr. Obama inherited a weak economy when he was elected. However, instead of fixing the economy as a foundational platform, the president went the opposite way and made things worse, much worse. The president’s view: iceberg dead ahead. Full speed ahead.
What the GOP candidate should do is to state that he will charter a commission of private-sector titans (no Washington bureaucrats) to develop recommendations on how to get the economy moving for the long term and how to streamline and shrink Fedzilla by 25 percent over the next four years. Go big, GOP.
The economy is the seminal political issue for 2012. You either support massive reforms or continue racing full speed ahead into the dark, looming mass in front of America.
Ted Nugent is an American rock ‘n’ roll, sporting and political activist icon. He is the author of “Ted, White, and Blue: The Nugent Manifesto” and “God, Guns & Rock ‘N’ Roll” (Regnery Publishing).