Nationally, not withstanding the ineffective and harmful moves by the Obama administration, high unemployment levels remain an anchor on the recovery effort of the economy.
Congress has expanded the time frame for unemployment benefits to 99 weeks, but since each of the moves made by the administration, from raising taxes to expanding regulatory burdens, have placed barriers on small business creation and expansion, the economy remains in borderline contraction.
Few places have been hit harder than California. Last night, 60 Minutes ran a simply devastating story on the unemployment situation, centering around California towns in Silicon Valley. This is a must see piece:
The benefits are about to run out for many of these folks. Unfortunately, since rather than creating an environment for business to prosper, the government has expanded regulatory constraints, raised taxes and created uncertainty going forward on what steps they will take to further control the lives of the people.
It seems those in charge are following the Cloward & Piven playbook, crashing the system and forcing the people to turn to government for the answers. In California, those in charge would include arrogant left wing Senator Barbara Boxer.
It appears much of the nation is ready to throw out of office many of these types, but polls indicate that California may re-elect nanny state supporters. It has not worked well for the Golden State, which is borderline bankrupt. In the case of Barbara Boxer, opposing her is a candidate with prime business experience in Carly Fiorina.
Time is up California. No extension of the unemployment benefits past 99 weeks. Put arrogant Senator Boxer to rest, elect Fiorina, and Meg Whitman for that matter, and get some jobs created!
Monday, October 25, 2010
99ers Boxed In
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