Responses - The Connection Between No Jobs & The Lack Of Oil Clean Up In The Gulf

Below are two responses plus one additional point from me that add to the original subject message.

 

The op-ed in the WSJ by Arthur Laffer on June 7 pointing out how the expiration of the 2003 so-called Bush tax (rate) cuts will adversely affect the 2011 economy starting on January 1 when tax rates rise due to the expiration certainly made the rounds since it appeared.  Responder #1 below correctly adds this point to the subject message. 

 

Responder #2 describes her friends who are trying to enter the entrepreneurial system - the only real creator of jobs, value, & wealth thereby increasing our standard of living as pointed out in the original message.  Based on my next comment it is encouraging to learn that we still have such people. 

 

I add to the other main point of the original message that because of poor education & training Americans are largely unqualified to fill the few jobs that are available.  Pennsylvania based Mission:Readiness, a nonprofit, bi-partisan organization led by senior retired military leaders, reports that up to 90% of young Philadelphians are ineligible for military service because of criminal records, obesity, or lack of education.  The report said 145,000 Philadelphians ages 18 to 24 cannot meet the military medical, moral, & mental standards.  The DOD estimates that nationally 75% of young adults are disqualified from military service.  Is it any wonder that as originally reported Firstar Precision could not find any qualified machinists from their help wanted ad?

 

---Response #1---

 

Doug:

 

Compared to next year, this year will be the good old days.  The Bush tax cuts will end & capital gains tax will increase to 40%.

 

Always remember, in this great Country we get the government we elect.  It all makes perfect sense after viewing your chart.  - The chart is a graphical depiction of the Death Of Democracy.

 

---Response #2---

 

Saw part of this week's Huckabee....there were some innovative ideas, to say the least. I have 2 friends who are bravely bucking the system as entrepreneurs....one started a catering business, and the other has her own decorating business...hers is word of mouth...both are doing well, and I admire them. - & I admire you for your contributions to this e-mail club, your community, & America.