US Economy - A Snapshot

We concluded our last blog as follows: Instead, BO artfully exploited the groundless fears of capitalism and the instinct of many to look to government for a fix. He understands the indolent nature of a good portion of our population, those whose library is stuffed with past issues of People and Newsweek but never an Adam Smith, John Stuart Mill, Buchanan, Stigler, Hayek or Friedman.

That above of course was taken in the context of bo’s hijacking of the health sector. But the statist agenda so thoroughly woven through Obama’s fabric and that of his kind - never waste a crisis - makes this response all but a sure thing in reaction to today’s key June payroll release. Don’t believe us? Hold on a day or two.

Today's weakness was about as expected; much of the loss was due to known layoffs at the census bureau. No matter. Obama will highlight this report as reason for more stimulus. Anyone who has done a little homework or consulted those who have understands that gov’t plans to spark the economy are at best a wash, at worst a retardant.

Kennedy and Reagan understood just how to recover from a slowdown. All of us know that. So does BO. He is not entirely stupid. His problem - for us - is that he is a fanatic. Thus, a Kennedy or Reagan extraction would offend his elitist, faculty-lounging-propeller-headed buddies whose track record is zip but whose sweet and easy ways never fail to provide an attractant to the chatterers. It’s that easy my friends.

Robert Craven