The American economy remains in a state of paralysis with no sign of recovery on the horizon. The manufacturing sector continues to deteriorate; American workers remain idle, nowhere to go. At a time like this you would think that those who lead our nation would be working overtime, pulling out all the stops to develop job creation programs; that the White House and this president would be out front, leading the efforts to create jobs to re-energize our consumer-driven economy. They simply aren't.
The fact of the matter is that you cannot maintain a vibrant consumer-driven economy when millions of Americans are unemployed, when many have lost their homes to foreclosure and are barely surviving. It won't work. This is a catastrophic situation that needs the utmost attention by our leaders in Washington right now, before it gets totally out of control. Mr. Obama could and should have made job creation the highest priority; he is in his third year in office and we are still waiting for him to put forth a bold, innovative jobs program.
In this economic crisis the American people feel a sense of desperation and hopelessness as they watch the situation worsening and wonder when the government is going to do something -- anything. And I don't want to hear that "It's not the government's job to create jobs" because that's baseless thinking. In normal circumstances, government does not create jobs and the business sector does. But in times of crisis it is absolutely mandatory that government step in with some form of job creation to stabilize the situation. That is economic fact that has worked time and time again.
While this economy and this nation remain in a state of paralysis, under a cloud of apprehension and uncertainty about what the future may bring, bizarre and inexplicable things are happening in our nation's capital. How can the world's #1 economy continue to spiral downward while those who have the power to so something about it are refusing to even address the problem, let alone solve it.
On September 8th Mr. Obama is scheduled to present his jobs creation program to the American people. Let's put it this way. This, without a doubt, will be his last chance to convince the American people that he is capable of creating a very ambitious program that will have a major impact on America's greatest problem. If they aren't presented with a bold, aggressive program and, instead, he announces some lukewarm jobs initiative, then he will lose them. That will be a sign that something very foreboding is going on behind the scenes in our nation's capitol.
Let me present a theory relating to what leaders of this government and the business sector may be planning. Call it a theory, supposition, conjecture or whatever, but I strongly believe that something along these lines is going to happen. What if these holders of power and influence have come to the conclusion that America simply is incapable of competing in the current system of globalization given the slave labor wages in China and other overseas nations? And at the same time they know that unless they do something to restore the purchasing power of millions of unemployed Americans there is no way that this consumer-driven economy can ever be reenergized.
So what will they do to try to restore the economy and maintain corporate profits under these negative conditions? What if the master plan involves something like this? Slowly but surely, over a period of time, let's say that they intend to completely transform the entire U.S. manufacturing sector into one in which the American worker, who desperately needs a job to survive, is willing to work for a standard national wage, one that would be the same for all workers, much like the federal minimum wage is now.