Good Morning Middle America, the King of Simple News is on the air.
I love economics and yes, I’m a sick man. They call economics “the dismal science.” I don’t think so. It’s the most important subject in the world and the most interesting if presented properly.
As those of you who have read my book or follow my columns know, I use “Mikemathics” and “Mikeronomics” to simplify the otherwise boring stuff that one normally associates with the subject.
How important is economics? If you are Middle America, it’s as serious as a heart attack. It’s your job, your home, your family and your future all wrapped up in a neat little package. Let’s test that last statement.
Will all of you who think the U.S. can maintain status quo as an information and services based economy please hold up your hand.
How about those who think Social Security and Medicare will be around for your kids to benefit from? One more question, how many think that your kids can pay the $50 Trillion in debt that we are leaving them? Okay, about 20 people have their hands up. Let’s do this differently, will everyone who is not running for president, show hands again. That’s better, no one believes these things are possible.
Each and every day, there are announcements such as this, “John, Melinda, we have good news and bad new for you. The good news is that you are getting two pay checks this week. The bad news is that one of them is your severance pay and also your last check. Have a very merry Christmas.”
That’s economics folks. John and Melinda’s jobs went to China. Those folks over there will work for far less money and that is economics. Is the subject getting more interesting? It did for John and Melinda. There is no end to the drain of good U.S. jobs. I don’t care what the politicians say.