As I was getting ready to race out the door for a tromp yesterday morning, I got a call from Press TV. Would I comment on the latest jobs report? What the heck – it was almost 9 a.m., and I had not yet vented that day. (I wonder if there could be any misunderstandings from their photo above.) Anyhow… here’s their summary on the interview:
US government policies have ‘destroyed economic opportunities’: Author
The financial policies of the US government have “destroyed economic opportunities” across the country, causing a large increase in unemployment, an American author in Maryland says.
“There is a huge increase in the number of people who are out of the labor force right now,” said James Bovard, who serves as policy advisor to The Future of Freedom Foundation.
“The Obama administration’s policies have destroyed economic opportunities across the nation,” Bovard told Press TV in a phone interview on Saturday. “A lot of his regulations, his healthcare mandate and others have made it far more expensive for businesses to hire people, so there are far fewer jobs coming out that way,” he added.
“Another aspect is the federal government is making a lot more threats of lawsuits against businesses… that’s also impeding hiring.”
About 806,000 Americans dropped out of the labor force in April, the Labor Department said Friday. The labor force participation rate sank to 62.8 percent in April from 63.2 percent in March to reach a 36-year low.
Economists note that one-third of the unemployed have been out of work for six months or longer, and recent research suggests that many of them are not being seriously considered by employers.
But “threats of lawsuits” aids and abets the hiring of attorneys. Attorneys need staff, so that increases the need for paralegals, secretaries, and so on. All those people will need restaurants, resort hotels (to recover from stressful litigation), masseurs, high end car dealers, and so on.
It’s just Bastiat’s Broken Window … fortunately, I’m a glazier….. 😉
But you at least feel guilty when you get the massages, right?
It would be nice to think that there is a happy ending somewhere in all of this.
Maybe the happy ending is when Jeb Bush gets elected & fixes all these problems?
That’d be a waste of a perfectly good massage, now wouldn’t it?
Think “Bill Clinton,” but without his highly advanced sense of shame.
If he won the presidency, Jeb Bush’s family would provide the most entertainment since Billy Carter signed up as a flack for Qadaffi.
Well, technically, if he wins it’s the brother who’s obligated to provide entertainment.
Does that mean we’ll be able to buy Georgey Beer?
I suspect that “Georgey Beer” would vindicate the dogma of my late father – that “beer tastes like horse’s piss.” I regret that I never asked him where he learned about horses.