Another great reason to elect a business friendly President:

Here is an excerpt from an AP story by two macro-economists,  men who no longer believe in "balanced budgets" or the conservative fantasy (?) that "sooner or later,  socialism runs out of other peoples' money."  The article's conclusion,  that the American economy has reached a "new normal,"  may be correct, however, but not permanent,  as the authors seem to imply.

Where the two Progressive/macro economists do not go in their negative assessment of the new economy,  is to the more important causes for this new normal:  specifically,   ever increasing business and payroll taxes, the 23,000 pages ObamaCare burden on business,  the 3,500 pages of new financial regulations in Dodd/Frank,  and the thousands of new and needless regulations on business  (EPA, OSHA, even the ATF).    After 7 years of Obama,  business profits,  kept off shore by Big Business,  total close to 32 trillion dollars,  but no one really knows.  Understand that 65 trillion is the total for all national economies in the world,  for one year,  so "32 trillion" is a mind boggling number.  Bloomberg says "2 trillion,"  but most (Forbes,  Business Insider,  Huffington Post, NY Times,  etc) place the total at between 18 trillion and, again,  32 trillion.  Such is the response to the growing business hostility found in D.C.   

You should know that when business is put under the gun by idealistic haters of "the man,"  it will respond by hiring fewer personnel,  pushing for increased automation,  and,  banking overseas   . . . .   and all of this is perfectly legal.  

My point?  The "new normal" is not something that is irreversible.  If Central Planning gets serious about job creation and gets out of the way,  things could change almost over night.  That is why this coming election is so very important.  If we actually get a business friendly President,  the nation will recover from Obama's immaturity and know-nothing economics within five years,  if not sooner.  

Before ending my comments,  I must make this point:  when you stop to think about it,  one of the startling differences between a healthy American style capitalist system,  and Marxist oriented, Progressive alternatives,  is Central Planning's attitude toward Big Business.  If you believe,  as I do,  that there is no free-market alternative to Capitalism (or trickle down economics as the Left loves to frame it), the only alternative is a welfare laden,  governmental/socialist inspired, state where no one moves up the economic ladder except those in power   . . . .   kind of like the Obama's and their peasant following.  Welfare policies are a direct assault on wealth creation.  The two are not compatible,  but each is necessary in a dynamic/vibrant free society.  There has to be a balance and 52% of a population living on welfare is not the balance that makes for a great nation.    

WASHINGTON (AP) -- Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.

Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.

Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.