The latest jobs report isn't going well. The U.S. economy isn't doing well. Does politics and the economy have something in common? Even though that sounds like a lay up, the correlary there is actually a lot more speculative than people might think.
I believe jobs and the direction of the Federal Government have something in common. If this country is dedicated to spending a disproportionate amount of its money abroad, and borrowing a lion's share of its money abroad, then economic activity at home is going to suffer.
Reinvestment into the country to U.S. small business is the only real way for government to help stimulate U.S. economic activity. That doesn't seem to be something that is going on all that much today.
Friday, May 04, 2007
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