"Want Some Fries with That Hope and Change?" is a clever and attention-grabbing line from We're Stuck In a "McJobs" Style Downturn from Investor's Business Daily that points out how federal fiscal policies are aggravating our economic problems and worsening the employment picture for the unemployed and under-employed. Its claim that Obama is getting a pass on this by the establishment media is true unlike how the media mocked Reagan for what they called the "McJobs" recovery as the article claims.
The employment percentages cited are strikingly bad yet our government continues to spend money that it doesn't have at an increasingly alarming rate. On top of that, the increase in oil prices and all energy costs rippling through the economy are rekindling inflation. All the uncertainty and government disincentives for businesses to start, expand, and grow make it difficult to see any reason for optimism in the economy as long as the present government economic policies continue.
Obama appears to be ready to maintain business as usual with deficit spending and to demagogue Republican plans to cut spending as his plan to win re-election instead of addressing what needs to be done to begin getting deficit spending under control and to heal and strengthen our economy.
Eventually, one way or the other, deficit spending will be brought under control because we can't go on as we are forever because it just isn't possible. Either we figure it out or it gets forced on us by the Chinese no longer agreeing to finance our debt, by economic collapse, or by some other national calamity. However it happens, the longer we wait to get spending under control, the worse the cure will be.
