In a November 3 article on politicususa.com, Sarah Jones writes about the successes of the Obama administration because the stock market is up, the price of gas is down, and private sector job growth is up.
Regarding the stock market, in an article by Sean Hyman on moneynews.com dated March 11, 2013, Mr. Hyman indicates that economics is not always a reflection of what the market is doing. I know this article is old, but it is information that never changes. Here are three main reasons why:
- We’re buying companies, not economies. So if companies manage their debt, cash, resources, etc. better than the overall economy, then stocks can go up while the economy does not.
- Corporate earnings are stronger now than in times past, even though the U.S. economy is still weak.
- Most companies in the S & P and Dow Jones, etc. have very significant international operations that are affected by; those economies as well as our economy.
I haven’t gone in depth with these explanations; that’s for you to do if you have the time. I just wanted to point out that while a sluggish economy can certainly pull down the stock market, and has done it many times in the past, the stock market and the overall economy are not always in lockstep.
With the stock market up, most of our portfolios are a little fatter and our wealth has increased a little. But aren’t we the folks that the current president and the liberals hate? If we’re doing ever so slightly better, then something’s surely wrong. The president may just have to get out his re-distribution of wealth manual and do something.
Regarding the price of gas, we all know how it works. If a Democrat is in office and the price of gas falls, it’s all the doing of the Democrat president. If a Democrat is in office and the price of gas rises, the president has nothing to do with the price of gas. On the other hand, if a Republican is in office and the price of gas falls, the president has nothing to do with the price of gas But, on the other hand, if a Republican president is in office and the price of gas rises, it’s the Republican president’s fault.
Putting aside my “tongue in cheek” comments, Stephen Moore, chief economist at the Heritage Foundation, in an article on foxnews.com, states that in the last several years, America has become an energy-producing powerhouse. And it’s not the result of the current president’s attempts to ram his green energy down our throats.
Mr. Moore goes on to indicate that oil prices are falling because of changes in world supply and world demand. Demand has slowed because Europe is an economic wreck. But since 2008, the U.S. has increased our domestic supply by a gigantic 50 percent. This is a result of the astounding shale oil and gas revolution made possible by made-in-America technologies such as hydraulic fracturing and horizontal drilling. From the beginning of 2008 through the end of 2013, the oil and gas extraction industry created more than 200,00 jobs while the overall job market shrank by 970,000.
So, liberals with their screaming of “No Fracking,” are doing as much as they can to see to it that you, in fact, pay more at the pump. Even the current president is an advocate of high gas prices because when the prices are high, we’ll use less gas and he and his henchmen can further promote their green agenda. After all, aren’t fossil fuels are evil and we should just let the oil stay in the ground doing absolutely nothing?
Who created this planet? Who put the oil in the ground? If you answered the one true God to both of these questions, you are correct. Now just why did God put that oil in the ground? Could it have been for mankind to discover and use to enhance our lives? But what about the Exxon Valdez and the BP Horizon oil rig? When these unfortunate incidents took place, people were quaking and shaking in their boots, “oh these areas are destroyed forever.” The northern Gulf coast will never be the same. It will never be safe to swim in the Gulf and eat the seafood that comes out of those waters. The Gulf coast is booming. In fact, I’m getting ready to go down there soon for some much needed R&R.
While there was certainly a lot of human intervention in the cleanups of these two disasters, the earth, itself, is an organic living thing. Microbes ate a lot of the oil. Yes, the microbes also depleted the oxygen levels in the waters, but the ecosystem is in balance. There is going to be some residual, but it wasn’t near the disaster that the liberals were hoping for. As Rahm Emanuel says, “Never let a good crisis go to waste.”
When God created the planet and put the oil in the ground for us to use, do you think he was that short-sighted that he didn’t for see that we humans were going to make mistakes and a lot of them whoppers. Surely he would create mechanisms for the planet to clean itself up. And, of course, he did.
Regarding the private sector job growth, the current president has claimed that his administration is responsible for creating more private sector jobs than any other administration, even President Regan’s administration. In researching this, I found a lot of information out there to the effect that more private sector jobs were created under the current administration than under previous administrations and the current president is very definitely touting this.
So many jobs were lost during the first part of this president’s administration and we may just now be catching up. There are a lot of lay-offs occurring in the Birmingham, Alabama area even as I write this. And I also have firsthand information to the effect that all of this administration’s burdensome regulations created on businesses have created a new job classification, “compliance.” It’s a whole new field. And we all know that millions of folks have dropped out of the labor force after having failed to find work.
The entrepreneurial spirit is alive and well in the United States of America and while this president has certainly fought the private sector, the private sector has continued to move ahead. President Reagan didn’t create all of those private sector jobs in the 1980s, it was the entrepreneurs who do what they do, no matter what. President Reagan, through his policies, did give them freedom to create these jobs.
Do I personally believe that the current president is responsible for the current growth in private sector jobs? I don’t, I really don’t. I believe that this country’s entrepreneurs have persevered even though this president has been vocally against them. They’ve found a way to do what they do, regardless of the environment they have found themselves in. Just think what this country could become if only this administration would adopt the philosophies of the Reagan administration.