Economy

Stimulus Spending Leading to Economic Armageddon?

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Can White House Sell the Stimulus?

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The Job-Killing Impact of Minimum Wage Laws

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The Real Reason Our Economy “Is In The Toilet”

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Conan O’Brien tells the real reason China and India are growing while we remain stagnant: YouTube.

Obama: Value Added Tax A “Novel” Idea For The United States

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3 Reasons Public Sector Employees are Killing the Economy

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Iraqis Sounding Like Americans

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In this video, an Iraqi mother explains why she is ambivalent about voting. Her situation sounds like that of many Americans.

Elections, And Why The American Economy Will Collapse

I know what you’re thinking: man that Pete is a positive guy. I like to describe myself as realistic, with a bit of fatalism throw in. Either way, I find it hard to look at the economic landscape and have any hope. It is especially dreadful when politicians have to get re-
elected, AND said politicians consult certain “economists”.

Economists have for years looked at what is happening in a society and sought to come up with solutions as to how an economic crisis can be “fixed”. The problem is, like in all fields, you have good economists, and you have the not so good (The latter seem to be the ones that always find their way onto the public payroll).

In extremely broad terms economists can be split into two categories:

1. The “good” economist traces what a policy can do not only in the present, but 
in the future; AND what it does for not only one segment of society, 
but the whole.

2. The “bad” economist does the exact opposite; they examine only what 
will fix the present issue and usually concentrate on only one segment of 
the population.

If you are a student of American history your eyes should be opening as to which economist is most often chosen by our elected officials. The real question is “why”?

Well, why wouldn’t a politician pick economist #2?

WSJ Survey: Economists Cautious in 2010

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The Government: America’s Biggest Employer

A recent Rasmussen poll revealed substantial support for small government amongst Americans:

Sixty-six percent (66%) of U.S. voters prefer a smaller government with fewer services and lower taxes over a more active government with more services and higher taxes.

Even if they prefer a small government, Americans are faced with a country in which the federal government is the largest employer and the pay afforded its employees dwarfs that of a private worker:

While many workers in the private sector have despaired of a pay increase in the past few years, Congress takes care of federal employees with annual raises, awarding 3.9 percent in 2009, 3.5 percent in 2008 and 2.7 percent in 2007.

The average pay for the nation’s 1.9 million federal workers is a little over $71,000, with the 372,041 federal workers in the Washington area earning an average of $94,047. The average salary for the nation’s 108 million private-sector workers is $50,028.

Government employees are often unionized and have infrastructure built to keep them from being fired even if they fail to perform their job functions. They tend to vote Democratic and their unions are among the biggest contributors to the Democratic Party. Is it any wonder then that the average American continues to face a vacant job market while a Democratic Congress provides increasing raises for federal employees?

 


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