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Government Promises Jobs … Delivers Pain

Posted By admin On September 22, 2012 @ 1:54 am In Money Watch | Comments Disabled

Washington’s Blog [1]
September 22, 2012

rn9Cz Government Promises Jobs ... Delivers Pain [2]But I was Promised a “Shovel-Ready” Job!

Government leaders talk about creating jobs … but their actions just hurt the average American.

Mr. Self-Sufficient Job Creator Mitt Romney’s Bain Capital destroyed jobs left and right [3].

Romney launched Bain Capital with money from the leaders of El Salvador’s death squads [4].

And a federal bailout saved Bain [5] from ruin.

But surely Mr. Liberal Help-the-Little-Guy Barack Obama is fighting for the worker?

Unfortunately not … Obama thinks that unemployment is a good thing [6], because it shows that the economy is productive.

Despite the partisan rhetoric [7], Obama and Romney both support policies which help the ultra-rich [8] – andpoliticos in D.C. [9]– at the expense of everyone else. [10]

They both support terrible government policies [6], the off-shoring of American jobs [11]never-ending bailouts [12]and ruthless behavior by the big banks [13] … and so we will continue to have Depression-level unemployment [14] under either a second Obama term or a president Romney.


– There are lots of jobs for the 1%, but few for the poor [8]

– The politicos and lobbyists are doing great – D.C. has the highest income in the country [9] – and yetMain Street is suffering [10]

In case we weren’t clear about how unhelpful government policies are in relation to job creation, let us give some example:

– The government has intentionally squashed [15] lending by the big banks in an idiotic attempt to give the banks never-ending bailouts, without causing runaway inflation.  (And see this [16])

– An economics professor says we’ll have “a never-ending depression unless we repudiate the debt, which never should have been extended in the first place” [17] … but the government refuses to ask big banks to write down their debts

– Fraud was one of the main causes of the Depression, but nothing has been done to rein in fraud today [18]. But the only action the government is taking is to help cover up fraud [19]

– All leading independent economists have said that the economy cannot recover until the big, insolvent banks are broken up [20], but the government has just helped them to get bigger [21]

- Excessive leverage helped cause the Great Depression and the current crisis, but the government has encouraged more leverage [22]

– The Federal Reserve caused the Great Depression and the current crisis [23], and has done nothing but help the fatcats at the expense of the little guy. And yet the government has given the Fed more power than ever [24]

– Government policies send manufacturing jobs and dollars abroad [25]

– The government’s monetary policy is only making things worse [26]

– The government is doing everything else wrong. See this [27] and this [28]

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URLs in this post:

[1] Washington’s Blog: http://www.washingtonsblog.com/

[2] Image: http://i.imgur.com/rn9Cz.gif

[3] destroyed jobs left and right: http://www.amazon.com/The-Buyout-America-Destroying-ebook/dp/B002SV37FO

[4] money from the leaders of El Salvador’s death squads: http://www.democracynow.org/2012/8/10/romneys_death_squad_ties_bain_launched

[5] federal bailout saved Bain: http://www.rollingstone.com/politics/news/the-federal-bailout-that-saved-mitt-romney-20120829

[6] unemployment is a good thing: http://www.washingtonsblog.com/2011/09/obama-unemployment-okay-jobs.html

[7] partisan rhetoric: http://www.washingtonsblog.com/2011/07/the-founding-fathers-tried-to-warn-us-about-the-threat-from-a-two-party-system.html

[8] help the ultra-rich: http://www.washingtonsblog.com/2010/04/unemployment-for-those-who-earn-150000-or-more-is-only-3-while-unemployment-for-the-poor-is-31.html

[9] politicos in D.C. : http://online.wsj.com/article/SB10001424052970203752604576641683529031952.html

[10] expense of everyone else.: http://www.washingtonsblog.com/2011/08/d-c-is-like-a-separate-country-one-which-couldnt-care-less-about-the-american-people.html

[11] off-shoring of American jobs: http://www.washingtonsblog.com/2010/12/theres-a-huge-difference-between-what-is-good-for-american-companies-versus-what-is-good-for-the-american-economy.html

[12] never-ending bailouts: http://www.washingtonsblog.com/2012/03/big-banks-continue-to-suck-at-the-government-teat-with-never-ending-stealth-bailouts.html

[13] ruthless behavior by the big banks: http://www.washingtonsblog.com/2009/11/bernanke-blames-banks-for-slow-recovery-and-high-unemployment-then-gives-them-a-pat-on-the-back-and-a-wink.html

[14] Depression-level unemployment: http://www.washingtonsblog.com/2011/06/unemployment-during-the-great-depression-has-been-overstated-and-current-unemployment-understated-weve-now-got-depression-level-unemployment.html

[15] intentionally squashed: http://www.washingtonsblog.com/2010/03/the-fed-is-responsible-for-the-crash-in-the-money-multiplier-and-the-failure-of-the-economy-to-recover.html

[16] this: http://www.huffingtonpost.com/robert-auerbach/limiting-loans-creates-unemployment_b_1890276.html

[17] we’ll have “a never-ending depression unless we repudiate the debt, which never should have been extended in the first place”: http://www.washingtonsblog.com/2011/07/economics-professor-well-have-never.html

[18] nothing has been done to rein in fraud today: http://www.washingtonsblog.com/2010/10/fraud-caused-great-depression-and-this.html

[19] cover up fraud: http://www.washingtonsblog.com/2011/08/real-reason-sec-has-been-shredding.html

[20] the economy cannot recover until the big, insolvent banks are broken up: http://www.washingtonsblog.com/2009/10/debunking-the-too-big-to-fail-myth.html

[21] just helped them to get bigger: http://www.washingtonsblog.com/2011/07/if-we-dont-break-up-the-giant-banks-now-theyll-be-bailed-out-again-and-again-dragging-the-world-economy-down-with-them.html

[22] - Excessive leverage helped cause the Great Depression and the current crisis, but the government has encouraged more leverage: http://www.washingtonsblog.com/2011/04/excessive-leverage-helped-cause-the-great-depression-and-the-current-crisis-and-government-responds-by-encouraging-more-leverage.html

[23] Federal Reserve caused the Great Depression and the current crisis: http://www.washingtonsblog.com/2011/06/bernanke-is-either-not-very-bright-or-not-very-honest-he-admits-he-doesnt-know-why-we-have-a-weak-economy-but-hes-the-one-who-weakened-it.html

[24] the government has given the Fed more power than ever: http://www.washingtonsblog.com/2009/10/should-we-give-the-fed-more-power-or-less.html

[25] send manufacturing jobs and dollars abroad: http://www.washingtonsblog.com/2011/07/of-course-unemployment-is-rising-government-policy-is-guaranteeing-it.html

[26] only making things worse: http://www.washingtonsblog.com/2012/09/as-predicted-bernanke-launches-qe3-which-will-destroy-the-economy.html

[27] this: http://www.washingtonsblog.com/2010/03/no-wonder-the-economy-isnt-improving.html

[28] this: http://www.washingtonsblog.com/2010/07/no-wonder-the-outlook-for-the-economy-is-unusually-uncertain-the-fed-is-killing-it.html

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