The American labor market showed few signs of new life in the latest jobs report. First time filings for unemployment benefits rose again last week to a one-month high. Claims rose for a second week, by 4,000 for the period ended Aug. 18. After economists had predicted 365,000 new claims, the number climbed to 372,000.
The administration continues to cite the European debt crisis and economic slowdowns in Asia as deterrents to investment.
It is far easier to blame the global economy than to admit that this administration’s energy policies are killing jobs in America. That this administration poked their thumbs into the eyes of millions of unemployed Americans when they laughed about “shovel-ready” projects not being as “shovel-ready” as advertised. It is not the least bit funny to Americans when they discover that this administration does not know what they are doing, especially after they spent trillions of taxpayer dollars on plans that did not work and redistributed hundreds of billions of the taxpayer’s wealth to rich “progressive” bundlers for the administration’s campaign machine.
Across the country, Americans have had enough of this administration’s policies, starting with those that kill jobs; like the healthcare reform law that levies huge tax hikes on all Americans and imposes additional burdens on businesses. Americans are done with the policies that are killing America’s energy industry, like stifling EPA regulations that make it impossible to build new petroleum refineries or use coal powered energy. Americans can no longer tolerate a lack of policy; a lack that precludes any hope for recovery in the housing market. Many small businesses will find it difficult if not impossible to exist, much less expand and hire while banking regulations imposed during this administration make it virtually impossible for banks to loan them money.
Why does America continue to spend hundreds of billions of dollars a year on foreign energy rather than developing the abundant energy in its own country? Why not keep those hundreds of billions of dollars at home in its own sluggish, cash strapped economy?
At a time when tens of millions of Americans are struggling to find work and its economy is starving for liquid capital, why does this administration refuse to take advantage of America’s wealth of natural resources? Why does this administration continue to prevent drilling for oil and natural gas or mining for coal? Why not put Americans back to work building refineries and power plants? Why not have Americans delivering gas, coal and natural gas to American consumers?
How many peripheral jobs will be created by that process?
For every new oil well, power plant, refinery or mine there will be new roads built, followed by restaurants, stores, housing, schools and places of worship. All generated by the only force capable of powering America’s economic recovery: the private sector.
The key to economic recovery in America is a shift in policy. The only way for that shift to happen is to alter the governing philosophy. For that alteration to take place, America must elect a new sheriff and new deputies.