Green Room

A “Jobs Friday” By Any Other Name Would Have Been As Sour

posted at 10:39 pm on June 1, 2012 by

Friday morning the Labor Department reported that the American economy produced only 69,000 new jobs in May. Experts had expected companies to add nearly three times as many workers over the past month, with the shortfall coming as a major disappointment for the country on the whole and to job seekers specifically — many long out of work. “Jobs Friday” was, in other words, notable more for what it lacked than what it held for workers, young and old, newly entering the job market or trying to break back into it.

America has drifted along the path of centralized planning for several years now, and that plan has clearly failed. Particularly now, it’s worth reminding ourselves that the numbers we read and hear about through the news and which we deal with daily at the Show-Me Institute are not just numbers; they represent people with hopes and dreams, starting their lives, building their wealth and continuing what they hope will be their upward march through the wonders of American social mobility. This latest “progressive,” statist experiment of the last few years has been conducted, and in numbers and practice, it has been a disaster. Bear in mind, you don’t just see the tendency toward statism at the federal level. You see it at the state level. You see it locally. It is the cost of vigilance lost or forfeited, and it does not begin and end at the national level.

And the problem is much bigger than anything that can be seen in one jobs report or be fixed in November 2012.

Yes, politics, especially in an election year, are central to the debate about the proper role of government, but politics are not essential to it, and just as the inertia of American history has carried us into the policies of massive governmental overreach we see today, the consequences of what has transpired over the last decade may very well take us through to the other, better and more prosperous side — that side which trusts in Americans’ self-reliance and ingenuity rather than simply their reliance and indifference.

The harshness of these past few years, compounded by bad stewardship, have I think left their impressions on young and old alike. I think we have seen what we could become if we continue on this path… and we don’t like it.

Perhaps more to the point, we can’t afford it. We have to change course.

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This latest “progressive,” statist experiment of the last few years has been conducted, and in numbers and practice, it has been a disaster.

Yep, the economy was smoking hot before that happened.

lexhamfox on June 1, 2012 at 11:28 PM

Yep, the economy was smoking hot before that happened.

lexhamfox on June 1, 2012 at 11:28 PM

The inflection point from a good economy to a poor one was the seating of Democrats to both houses in Congress in January, 2007. Poverty is linear with the length a community (or nation) has a Democratic Party legislature.

A keen and honest analyst or scientist looking at 164 years of data could only conclude that socialists do not understand what works within real human societies.

A further note is that when the Democratic Party became socialistic, economies did not thrive. THis effect is world-wide, and culturally independent. Specifically, PBHO does not have a clue about what brings prosperity to a nation.

NaCly dog on June 2, 2012 at 9:29 AM

We have to change course.

How about plotting a course? The progressives plotted a course 99 years ago and have been sticking to it ever since.

The progressive road map is pulling the wool over the eyes of the indifferent and ignorant — the majority of the population (the sheeple) — and actively herds them into voting booths. They, the progressives, in fact, do have a plan. They are on course.

The conservatives lay around while the progressives march on and then when bothered the conservatives only defend against certain progressive initiatives. They have no nerve to unite, they have no plan, they have no course.

Immorality is so much easier to sell to the public than it is to retain and adhere to its opposite. Immorality is the contagion that (and somewhat ironically) destroys liberty.

This fall’s presidential election is now reduced to a poker game. It’s all bluff. We won’t see any cards in November; we will not see a winning hand. We can only hope that the bluff of Romney is a more powerful influence in the voting booth. Then we’ll need to deal with the leadership of indifference.

ericdijon on June 2, 2012 at 9:38 AM

Yep, the economy was smoking hot before that happened.

lexhamfox on June 1, 2012 at 11:28 PM

Good catch, Columbo. What’s your point?

WeekendAtBernankes on June 2, 2012 at 2:42 PM