Thursday, October 7, 2010
Employment Eradication Czar
Another jobless report emerged yesterday with Automatic Data Processing, the nation's largest payroll firm and ironically a company brought to the public eye by New Jersey Democrat US Senator Frank Lautenberg, announcing that private sector payroll dropped more than thirty-nine thousand (39,000) jobs last week. This piece of bad news has arrived just after President Obama pledged thirty billion more dollars for stimulus to prompt small business hiring. It seems that the private sector was none too enthused and might actually start creating more jobs if the Bush tax cuts are extended or vastly more employment if marginal Federal income tax rates are lowered and/or capital gains tax rate is diminished. All I can figure and what we all might conclude is that somewhere in the labyrinthine corridors of power in Washington, there may exist perhaps in a secluded office near the Bureau of Land Management or perhaps in a tunnel under the Bureau of Indian Affairs, a hidden Czar, after all Obama has empowered so many it is rather hard to keep track, a mythic figure not charged like Van Jones was with any sort of job creation but responsible for just the opposite- making sure we never arrive back near the eight percent unemployment that President Obama promised when he was campaigning that the United States would never surpass under his stewardship. What's a few million unemployed more or less between friends with such good redistributionist intentions?
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