JOBS TALK AND BS WALKS

As I noted a couple of months ago, the volume of uninsured patients at my hospital and most others is spiking because people are losing their insurance coverage along with their jobs. So, yesterday’s bad news about unemployment was not welcome:

Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 net jobs in December even as the unemployment rate held at 10 percent.

But not to worry. Turns out that the President made a nice speech about the jobless situation, and he tells us that double-digit unemployment isn’t necessarily a cause for worry. He’s got a sure fire plan to create “tens of thousands” of new jobs:

Obama announced the awarding of $2.3 billion in tax credits to companies that manufacture green technologies. The money will come from last year’s $787 billion stimulus program.

Stimulus program? Hmm … Why does that sound familiar? Oh, now I remember. That’s the plan that the President and his friends in Congress pushed through last year on the promise that it would prevent unemployment from reaching … er … 8 percent:

Will President Obama’s new plan to create “green jobs” be more succesful than his other stimulus initiatives?  Not likely. And the Democrat claim that Obamacare will somehow “save and create millions more jobs” is pure, unadulterated BS.

So, the number of people without jobs will increase, as will the number of uninsured patients materializing in our ER. But there is one advantage to being unemployed—-one has lots of time to vote. This November, these folks will tell the Dems to take a hike.

Comments 4

  1. ECM wrote:

    Even if the green job mirage wasn’t sheer lunacy (see: Spain), there is the laughable fact that the economy needs a helluva lot more than a meager “tens of thousands” of jobs.

    Posted 09 Jan 2010 at 8:09 am
  2. Marc Brown wrote:

    So what would you two bright sparks do to turn the economy round?

    Posted 09 Jan 2010 at 11:26 am
  3. Doug H wrote:

    Marc, how about reducing regulations instead of increasing them? The current state of regulation only benefit the bureaucrats and the lawyers.

    How about ditching the plan to increase everyone’s health care bill by 8%? A plan that would only benefit the government bureaucrats and lawyers.

    How about ditching the plan to increase everyone’s taxes under cap-and-trade? A plan that would cost a lot, and do nothing for the environment. But, at least Al Gore, George Soros and GE would get paid. Well, and the bureaucrats.

    How about NOT bailing out every politically connected company and let them fail so that companies that can do a good job are allowed to fill in the gap? Both the Bush administration (which Senator Obama voted for – by the way) and the current administration have spent hundreds of billions of dollars for no real purpose, except pay off the politically connected.

    With all of the uncertainty and lack of trust in Congress, it is no surprise that businesses cannot hire. If your margin is less than 10%, you don’t know if you can afford new employees if any combination of the proposed legislation goes through. So companies are waiting to see if Congress will let them hire or will steal the money so it can be given out as welfare.

    Posted 09 Jan 2010 at 3:57 pm
  4. Catron wrote:

    I would add, Marc, that tax cuts are a consistent producer of jobs and genuine recoveries. It worked in the early Sixties, the early Eighties and in 2002.

    Posted 09 Jan 2010 at 4:07 pm

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