Thursday, June 16, 2011

WORKER'S TAKE HOME PAY HITS RECORD LOW

SPECIAL POST


Faced with increasing export of jobs to foreign countries, continuing high unemployment, declining sales, increasing taxes and rising benefit costs, the amount of cash being taken home by our workers has plummeted to the lowest point in recorded history, according the the Department of Labor.  With nearly 14 million people out of work, Americans are looking to Washington for help.  But whether a new plan proposed President Obama's jobs council will have a major impact remains to be seen. 

President Obama created a special committee to look into the growing national deficit and budgetary crisis, then ignored their recommendations.  It is therefore highly likely that he will also ignore recommendations of a special committee looking into unemployment and job creation that largely call for decreased government regulation against small businesses.  Through Obama's anti-business stance, it has become apparent that he feels the country should be strongly socialist with little or no private enterprise in existence, similar to the now defunct Soviet Union.  

But, the key fact here is that another economic indicator has gone south.  This country is in serious trouble and neither our President or our Congress seems willing to come to grips with it.  

That's MY AMERICAN OPINION, respectively submitted. 

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