It’s A Good Thing They’ve Got That Recession Thing Under Control
By: Doug Busselman, Executive Vice President
Since the worst down-turn in the state’s unemployment situation only got a little more worse in September there is reason to celebrate our progress… With just a little more federal spending and another round of taxes from Carson City (charging employers on the basis of the payroll dollars they spend for those who haven’t been laid off yet) – we could probably really be in great shape. Although it is difficult to decipher the point of this presentation it probably is our fault for the hardships we see in the economy. It might be because the government isn't taxing us enough, or perhaps we're spending our money...I couldn't really figure out what we're doing wrong from their editorial…except whatever delays that might be taking place of not getting to the result of bigger government quick enough.
With the fantastic achievement of the federal government saving jobs through the stimulus spending, we should be rushing to the polls a year from now believing that if we could only get more federal dollars we’d be in even better shape. Hopefully, the deficit and the possible passage of even greater spending on health care won’t get in the way of just plain old fashioned election year pork.
For some reason the University of Nevada professors who spoke so highly of government spending haven’t been as often in the state’s newspapers telling us about the merits of spending vs reductions in government expenditures. Maybe sound economic principles, being what they are, only really require such lectures when it’s their budgets which are in question. Continuing hardship on the private sector isn’t nearly the worry that possible cutbacks in government spending would cause.
Since the worst down-turn in the state’s unemployment situation only got a little more worse in September there is reason to celebrate our progress… With just a little more federal spending and another round of taxes from Carson City (charging employers on the basis of the payroll dollars they spend for those who haven’t been laid off yet) – we could probably really be in great shape. Although it is difficult to decipher the point of this presentation it probably is our fault for the hardships we see in the economy. It might be because the government isn't taxing us enough, or perhaps we're spending our money...I couldn't really figure out what we're doing wrong from their editorial…except whatever delays that might be taking place of not getting to the result of bigger government quick enough.
With the fantastic achievement of the federal government saving jobs through the stimulus spending, we should be rushing to the polls a year from now believing that if we could only get more federal dollars we’d be in even better shape. Hopefully, the deficit and the possible passage of even greater spending on health care won’t get in the way of just plain old fashioned election year pork.
For some reason the University of Nevada professors who spoke so highly of government spending haven’t been as often in the state’s newspapers telling us about the merits of spending vs reductions in government expenditures. Maybe sound economic principles, being what they are, only really require such lectures when it’s their budgets which are in question. Continuing hardship on the private sector isn’t nearly the worry that possible cutbacks in government spending would cause.
Posted by Doug Busselman at 10/19/2009 8:01 AM 
Categories: Economy
Tags: Nevada Unemployment Federal Stimulus Government Spending and Taxes
Categories: Economy
Tags: Nevada Unemployment Federal Stimulus Government Spending and Taxes
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