President Obama’s various legislative initiatives have so unsettled the business world that it went Galt (on strike). Big business is making money by cutting expenses and investing elsewhere. Small businesses merely hoping to survive. Citizens who are not rushing to pay up debts, worry that what remains of their savings is about to be taxed away. Atlas Shrugged and the Road to Serfdom are best sellers and Democratic politicians are preparing to become unemployed.
The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint on many blue-collar men. It could cripple marriage as an institution in many communities. It may already be plunging many inner cities into a despair not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come.
Does he care that 6.13 million people are unemployed for more than 26 weeks or that they constitute 4 percent of the civilian workforce—a record since the the Bureau of Labor Statistics started collecting this data in 1948?
Does this reality shake up a president whose wife insists that he loves the country?
Does Obama accept his responsibility for making his enthusiastic supporters pay the highest price for his inept tinkering?
Does he focus like a laser on jobs as he promised?
Not on your life. Like other radical ideologues, he ignores reality and doubles down on the very health care agenda which has been undermining job creation in the last year. As Harry Griendling, president of DoubleStar Inc., a West Chester-based recruiting company explains:
Uncertainty is keeping companies from bolstering payrolls, he said. For example, questions about the future of health-care legislation mean that hospitals, insurers and pharmaceutical companies will hold back. Uncertainty over regulation in banking will deter financial hiring.”Uncertainty,” he said, “is the enemy of job creation.”
As many a ruthless man, Obama may be hoping that a few Republicans would end up pitying.