The Economy

What is it that the government is doing? Austan Goolsbee is the chairmen for the Council on Economic Advisers and he is one in many that have decided to resign before the economy gets worse and he gets some of the blame. This leaves Timothy Geitner as the only original member of Obama's economic team. It sounds as though Goolsbee had a more private market approach than other advisers (Summers, Geitner, Romer)but it remains to be seen if these professors that presidents like to rely on even know as much as their papers say.

It is a wonder that they can sit in front of the press and say that the economy is doing great and it is creating jobs, despite what is seen on the street, and then go back to their prominent positions in Universities and write books about it. Most of those books students are forced to buy at astronomical prices.

The economy is not doing well. The stimulus that is almost over (QE2) has not done nearly what it was promised to do and there is rumor that there may be QE 3 around the corner. Peter Schiff compares the stimulus with drug addiction. We can't just do a little to stimulate the economy. We get accustomed to it and want more and in the long-term and it ends up hurting our very existence.

The jobless rate is unchanged at 9.1%, 54,000 new jobs were created, and the debt in this country is already at dangerous levels. The debt ceiling will most likely be lifted but when are we going to start being responsible? It starts at home and we know that it won't start with government. People will suffer whether we like it or not and the only thing to do is prepare for it by working hard at making the best life we can for our families.

What we need government to do is to give us the platform for work and the environment to flourish with our increase. Is that what this experts are doing? I think not and most of the American public doesn't think so either. The very same advisers who got us into the financial fiasco of 2008-2009 are the same ones sitting in positions in the administration. Is that the change Obama was talking about. He has just continued everything that the Bush Administration implemented except multiplied the effects of it.

It is scary to think that there are no other candidates besides Ron Paul and Gary Johnson that get any of this.