Tuesday night’s election results were a stinging loss for the tea party and the radical right wing. Even Chris Christie’s win showed moderates could be voted in strongly. The win in VA was a clear defeat for the tea party. Is this just backlash from shutting down the government or a real move away from the radical non compromising right that has left this Country paralyzed. What was briefly mentioned in the news was that all the exit polls at all the locations said people’s top concern is still the economy and their jobs. This has been the case for over 3 years. What are our elected officials doing about what the people want them to be working on? They are ignoring it completely. President Obama uses empty rhetoric about pivoting to jobs but he has never done it. He barely mentions job creation; the last bill he came up with for jobs was in September 2011. Two years ago. That’s unacceptable. Especially since the American public has for more than 2 years said their top priority was jobs and economy. Now everyone knows its not the presidents job to create jobs, job creation bills come from the Congress. This Congress is filled with people who care little about the American public and only themselves and their jobs. I’d still like to hear Nancy Pelosi or Harry Reid mention a job creation bill. So, what was the take away from Tuesday? Not what the American people said, just the overall politics of the races and what it means for 2014 and 2016.
What did people miss today about the jobs report? Umm, that it sucked. Creating 200,000 jobs is barely breaking even. And the fact that we have the New Normal of thinking this is positive news is an extremely worrisome sign. We need job growth of 500,000 per month for a year to get people back to work. People wonder why so many people are on government assistance like food stamps; its because they can’t find jobs. Some have jobs and still can’t afford food. For those that think the cruelty of cutting aid to people who need it should really take a closer look at the jobs situation. Workforce participation dropped again this report; that means that more and more people are giving up looking for work. All of those people are eventually going to be subsidized by the government. Why not invest that money now so they can get jobs, support themselves, lift their self esteem, and also bring in more revenue to the government. Seems simple, but no.
In other news, are we seriously close to signing a deal with Iran when inspectors haven’t been in their country yet? The sanctions are working, make them stronger and tighter and push for an immediate Syria like inspection and removal. Lightening up sanctions now is the wrong things to do. I hate to agree with Dick Cheney, but in this case I do.
ACA continues to haunt the president and the democratic party. I am still flabbergasted why Obama didn’t hire someone PR firm to inform the public all of the benefits of the program, 3 years ago. They should be hiring a crisis management team now. Remember when George W. was selling the Iraq war? He had his entire team out there week after week on the Sunday talk shows. Cheney, Powell, Rice the whole crew. Couldn’t Obama have taken that kind of route to inform people how this would benefit them? Or send out doctors, business people, spread the word that this will be good for them.
Consumer confidence fell last month by the most it ever had according to Gallup. GDP for the U.S. is 70% consumer spending. when consumers lose confidence they spend less. Their lowered spending has direct impact on growth. Predictions by economists are saying this years Holiday season will have the slowest rise in spending since 2009, that’s not good. What’s the solution to confidence, economic fears, job loss concerns? Simple, a multi year massive jobs creation bill.