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Economy; American's #1 concern:

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Good Morning Middle America, your King of Simple News is on the air.

U.S. NEWS: Today New Hampshire will hold the first presidential primary in the U.S. to try and decide which of the 300 candidates that have been running for president during the past 7 years that they would like to see running our country.

Early exit polls suggest that 50% of the people wish they had a different choice, and the other 50% agree.

None of the candidates say a thing about a job plan for Middle America except for Dennis Kucinich who plans to put some 2 Million additional Americans to work…for the government. Mr. Kucinich fails to comprehend that the government has no money with which to pay these people, but he’s going to tackle that obstacle after he is elected.

I almost forgot, Rapid Rudy has a work plan; he intends to double the size of the military and put the remainder of Americans to work making war materials. Rudy was in New York far too long and believes that everyone is out to get you…and in New York, he’s probably right.

Remember that article I wrote not long ago about the U.S. slipping to 3rd world status? Who remembers what the difference is between an American and a person living at a 3rd world level? I see a hand up, the young man in the 3rd row; go ahead and shout out the answer. “People living in 3rd world countries have a second car that is more than two years old, a cell phone without a texting feature, and can only eat out 4 times per week.”


That’s not exactly what I was looking for, but it does explain the total disconnect with reality. Anyone else? Yes the older lady in the front row. “Third world people don’t have a job.” There ya go, that’s the answer. Don’t have a job and ain’t gonna get a job.

That’s why Middle Americans are more concerned about the economy than any other subject. And they should be. But, as I’ve used up a case of printer cartridges writing about, the U.S. economy is in deep trouble and there isn’t a leader among the pack that has a clue about how to turn it around or for that matter, where the heck they parked their car.

How many of you believe that providing 16 years of free education and free health care for one and all, while continuing to provide the Social Security and Medicare benefits that we have promised our aging workforce will strengthen the economy? How many of you believe that adding people to government rolls is the answer to a strong economy?

For those who answered, “Yes, that would definitely strengthen the economy,” I should probably ask whether you believe the strength of the economy and maximum tax collection have any correlation? For those who answered, “Huh?” Wal-Mart has a sale on tin-foil hats.

Would I personally like to see the above mentioned perks orchestrated, well sure I would. But good sustainable jobs have to come first. No chicken, no egg. No jobs, no taxes.

The current system of taxes first, jobs last, puts the cart well ahead of the horse. Government employees, government programs, and government education are all paid with taxes taken from non- government workers. If we lack the non-government workforce from which to extract this money, which we do, how long can the system hold together?

I can tell you. It will hold together as long as the Chinese, Japanese, Koreans, Arabs, and others from around the world continue to buy our debt at some $3 Billion per DAY!

And that is why Middle America is more concerned about our domestic economy than any other singular subject; as they should be.

Wake up Middle America, they’re printing more pink slips as we speak.

 

www.kingofsimple.com

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 

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