Tuesday, November 10, 2009

Economic Recovery

Are we really in the beginnings of an economic recovery? Some say so, while others aren't so certain. With unemployment continuing to rise, now over 10%, it bakes the question, "At what point do we reach bottom and begin to rise?" Of course we all know that unemployment is a lagging indicator, and the last thing to turn during a recovery. But our economy is much different than in the past. We used to see the normal highs and lows associated with manufacturing. Now that we have lost much of our manufacturing sector, economic cycles are much harder to predict. It's times like these I wish for the old days. At least then we could eventually count on depleted supplies of goods to require manufacturing to ramp up and pull us out of a recession. How do we pull out now? I suggest we use the money that is wasted every year on politicians' pet projects and pork barrel spending, and put it to use in the business sector through tax incentives for businesses to stimulate growth. Let's not dig ourselves deeper into debt with a national health care program. Instead, we could use some of the money our government wastes to provide health care for those who have lost jobs, and insurance as a result, without completely taking over the health care industry and putting insurance companies out of business, which would result in higher unemployment. I don't know about the rest of you, but I have to operate my household on a budget; a budget that can only sustain so much borrowing. Why can't the federal government do the same. It's time to rein in waste and pork spending before we reach the point of no return. If not for our sakes, let's end wasteful spending for our children and grandchildren. They deserve a bright future too.

Thanks!
Dale

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