How safe is your job? Economy concerns.
How safe is your job? Will it be here tomorrow, 2 years from now, 5 years from now? How much will the election play into job security over the next few years?
These are questions in the heads of many blue collar and white collar workers, and also in the minds of employers who will face tough choices and be blamed for the outcome should a Rubber Stamp be added to the legislation discussed in this powerful article from Dick Armey posted on Real Clear Politics.
http://www.realclearpolitics.com/articles/2008/08/the_four_horsemen_of_economic.html
Despite the effects of lower taxes on bolstering the economy through the Regan years and most of Bill Clinton’s two terms, to stifle economic growth and increase funding for government programs the Clinton Administration went back on early statements crediting Reaganomics with the success the country was seeing and set into place record tax increases. Many of us believe these increases and the now slowed economy lead directly to the first recession under President Bush.
When taxes are raised on business gains it cuts profits that would normally be aimed at growth and expansion. The saying goes that the rich get richer, and that is because they constantly expand and grow their businesses which creates jobs.
By taking money from them in the form of taxation, less money becomes available for growth so the jobless rate rises because of more people entering the workforce while businesses are creating fewer new jobs. The rich get blamed and it’s the politicians fault.
When more taxes are put on Income, the American worker has less to spend, this reduces demand and ultimately the level of profits businesses see, further reducing growth and leading to an even higher jobless rate as some industries even have to cut jobs to stay in business. Add to that Union labor and threats of strike and the cost of each employee becomes so great that more jobs are either cut or outsourced overseas.
Meanwhile Americans with less take home pay have little choice but to opt out of employer sponsored health insurance, retirement programs like 401K, etc.. Those still holding their 401K that were contributing 10% or more may find themselves cutting back to 5-8% to have added cash for paying bills. Meanwhile they are borrowing money that bridges gaps and getting further in debt. Many find themselves seeking government programs to pay for medical needs like prescriptions or the birth of a child.
As this happens we become more dependent on government aid as a society and once started on this path it can be tough finding our way back to to paying our own way. So along comes a plan to increase those benefits and make them available to more Americans and it sounds so good. Programs like Government run health care sound awesome until we get the bill, even more taxes and fewer jobs resulting from what has become a assumed necessity.
I give you the fallout from a Obama victory and a DNC roll out of a new economic policy that is as they say, not 4 more years. but many worse years to come. How safe is your job? Not very safe at all. Economics 101 will show you that these conditions and campaign promises have always resulted in the same outcome, and were directly responsible for the highest jobless rates in our nations history.
The alternative is lower taxes across the board, with a focus on taxing consumption over income. Americans keep more and spend more, and companies profit and expand. More jobs are created and we eventually will see a point where because of high demand companies will have to offer better benefits and higher wages to attract workers from a small base of candidates for employement. It is a longer road to recovery but has never failed us, and the effects last decades not months.
See even a minimum wage increase is short lived, the cost to produce goes up and is passed on to the consumer in the form of higher prices. Since a US pay raise does not effect foreign competitors, we will find ourselves buying even more low priced foreign goods. Again jobs are lost and the cost of living rises to meet our new higher paycheck.
You are the one that controls your future, if higher taxes and a life of welfare and government controls is your cup of tea we can hand America over to the DNC and Barrack Obama. If we choose job growth and keeping more of our hard earned dollar we may find less of a government run safety net, but a stronger future for all. Your job will be more secure and Reganomics can reign supreme again. The one candidate that supports a return to these days of success and has the track record of successfully passing legislation of this nature is John McCain.
Consider job security when you go to the polls this November.
Andy Zeus Anderson
www.andyzeusanderson.com
Foot Note:
With all of the coverage of Mafia ties leading to the DNC and more directly the Obama campaign with now two donors and over half a million in question, the media has come under fire for fair reporting. From the reporter attacked this past week for exposing media bias towards the Obama campaign, to today’s breaking news.
In Denver this morning a ABC News crew was arrested for taking photos of DNC donors meeting in secret at a Denver area hotel. These low key donations are from the type of donors who don’t want their contributions publicized. From the lobbyist to unions, and even I am sure a few crooks and cronies these folks will stop at no cost to remain behind the scenes of the Democratic Party.
Freedom of the press was set back more than 200 years today as the mission to expose the truth behind a record breaking fund raising machine powering Obama’s run for the Oval Office was stamped out by the Denver PD. More on this story as more facts become available.
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