Obama's job council,
organized with great media fanfare, has not met with Obama for over
one year. In fact,
today, January 31, will be its last day of official business,
this council abandoning its charge after years of being ignored by the
White House that moved to create the council.
Couple this Administration’s failure with Obama's refusal of
the Simpson/Bowles committee and its recommendations, and you have
undeniable proof that Obama simply does not care about solving the
economic/jobs related crisis.
Why he sets the wheels in motion and, then, walks off,
deserting the very collectives he has sanctioned to solve immediate
problems, remains a mystery, even to Obama detractors such a me.
Maybe it has to do with this: all
advisory boards include cuts or modifications to Social Security and Medicare in their recommendations, and, Obama has decided that this cannot happen.
In fact, he has actually voiced
the opinion that “We do not have a spending problem.”
In this context and with Obama acting as “president,” there is little hope for meaningful change in
the direction of this nation’s health. The damage being done to this nation is both systemic and long lasting and there is no relief in sight.
A recent article in the WSJ, listed nine companies that have been permanently damaged because of the present distress. Whether "permanent" is a correct prognosis or not, certainly these companies are in serious danger of collapse: they include JC Penney, Groupon, the New York Times, Barnes and Noble, Zynga Inc., Dell Inc., Bank of America, Advanced Micro Devices. (Source: 24/7Wallst.com).
We hope the best for this country, but do not support Obama's push for an European Socialist economy and if that means a big bang collapse followed by a commonsense reconstruction, so be it.
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