You know, I really wonder why nobody compares US to the rest of the world?
Take
Malta. This small country is part of EU and EUROzone so it is no longer a tax heaven. The government there realized that the only way to allow their country to grow and to reboot their economy was not to regulate every little thing but to step out-of-the-way and let businesses thrive on their own… no special programs or spending initiatives required. The result - Malta unemployment rate dropped from 7.1% in 1999 to
6.9% today!
Heck, even
Russia has unemployment rate of only
6.5%. Yes, the old backward Russian Empire is thriving at the same time as their government is reducing in size. The Russia had a whooping 1.1 million government employees and they decided to cut that number by 20% starting with 5% cut in 2011. Just to mention, Russia's population is 143 million. If the US decided to have the same inflated number of government apparatchiks as Russia, it would have to lay off some 18 million government employees! I guess that Russians realized that Communism isn't working!
And who the heck said that the jobs were created everywhere but the government had to lay off some 17,000 people? What a cover-up! Read the official reports people!
In August, Health care employment rose by 30,000, mining by 6,000, computer systems design and related services by 8,000! At the same time, information industry declined by 48,000, Manufacturing by 3,000 and yes, the number of government employees declined by 17,000.
Wasn't US supposed to be a leader in service and manufacturing industries? Well... No! The numbers tell a different story.
And how did the Government decided to help Homeland industry? By passing the
Dodd-Frank bill that is full of mandatory programs that cost a lot of time and money, yet yield no value for the economy. One provision of this law requires that certain businesses must now file an annual report certifying that their raw materials are 100% free of "
conflict minerals" that may have originated in the Democratic Republic of Congo. How the heck am I supposed to know where the last drop of gasoline I put in my car came from?
Until the Government realizes that placing unnecessary obligations onto American firms, forcing them to deal with administrative nonsense instead of what actually matters in business -
making money, there will be no progress for United States of America…