The President has now announced that he will concentrate on fixing the economy and inequality in our economy. That inequality has worsened during his rule as the Federal Reserve has pumped money into the economy that has helped the wealthy, but done nothing for the middle class.
He might start by apologizing for stopping oil drilling for over a year in the Gulf during the BP oil spill. Maybe he could also reverse the reduction of oil drilling (down 14 percent) that has been put into effect in federal-controlled land. Or, he could instruct the EPA to stop the “war on coal” that has closed coal mines and closed coal-fired power generating plants. Maybe, we could even repeal the Dodd-Frank act that has led to closing many small banks due to the increased regulations. He might even approve building the Keystone Pipe line (20,000 additional jobs).
The president also recommended easier rules for unions organizers and that would lead even more companies to move to Mexico. His appeal for raising the minimum wage will not help, for economist David Neumark estimates that “every 10 percent increase in the minimum wage reduces teen employment by 1 to 3 percent” (black teen unemployment is 35 percent).
Or, we could repeal Obamacare, which right now is the biggest impediment to our economy. This former community organizer has no idea of what to do to help our economy and his talking about it is not going to help. Let’s hope we can throw this bunch out soon.
— Keith Snelson