While no one can argue that there are people out of work, homes in foreclosure, and people having a hard time filling their gas tanks, there is a bigger picture. Our country is great because it is ruled by majority, not loud minorities.
We have to ask ourselves, as a pluralistic nation: to what extent do we inhibit 94% of our population to help 6%. Especially when there are no clear indicators as to how much of the 6% is fraud. To be honest, faith-based organizations and local governments should be helping the 6%, not our central government. I encourage you to read the linked article below. But as you are reading it, think about what is the 'ideal' level of unemployment, home foreclosures, or national savings rates. If you think anything above 0% for the first two, you are acknowledging that there will ALWAYS be someone out of work and losing a home - and the government shouldn't do anything about it... (and that, my friends, is ok... I promise, because zero unemployment is communist, and we know how that works out!)
So read this Washington Post article, linked here.
Cheers, Jason
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
September 14, 2008
September 13, 2008
Economic Policies - What's the Difference?
People want to know the difference between Sen Obama's and Sen McCain's economic policies. Well, we have case studies to look at that gives us insight into the future...
Click on the link for a great article from the Wall Street Journal. Here's an excerpt of it:
The rewards for success were huge. Texas gained 1.7 million net new jobs, Florida gained 1.4 million and Arizona gained 600,000. While the U.S. average job growth percentage was 9.9%, Texas, Florida and Arizona had job growth of 18.5%, 21.4% and 28.9%, respectively.
Remarkably, a third of all the jobs in the U.S. in the last 10 years were created in these three states. While the population of the three highest-performing states grew twice as fast as the national average, per-capita real income still grew by $6,563 or 21.4% in Texas, Florida and Arizona. That's a $26,252 increase for a typical family of four.
By comparison, Illinois gained only 122,000 jobs, Ohio lost 62,900 and Michigan lost 318,000. Population growth in Michigan, Ohio and Illinois was only 4.2%, a third the national average, and real income per capita rose by only $3,466, just 58% of the national average. Workers in the three least successful states had to contend with a quarter-million fewer jobs rather than taking their pick of the 3.7 million new jobs that were available in the three fastest-growing states.
Click on the link for a great article from the Wall Street Journal. Here's an excerpt of it:
The rewards for success were huge. Texas gained 1.7 million net new jobs, Florida gained 1.4 million and Arizona gained 600,000. While the U.S. average job growth percentage was 9.9%, Texas, Florida and Arizona had job growth of 18.5%, 21.4% and 28.9%, respectively.
Remarkably, a third of all the jobs in the U.S. in the last 10 years were created in these three states. While the population of the three highest-performing states grew twice as fast as the national average, per-capita real income still grew by $6,563 or 21.4% in Texas, Florida and Arizona. That's a $26,252 increase for a typical family of four.
By comparison, Illinois gained only 122,000 jobs, Ohio lost 62,900 and Michigan lost 318,000. Population growth in Michigan, Ohio and Illinois was only 4.2%, a third the national average, and real income per capita rose by only $3,466, just 58% of the national average. Workers in the three least successful states had to contend with a quarter-million fewer jobs rather than taking their pick of the 3.7 million new jobs that were available in the three fastest-growing states.
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