Saturday, November 15, 2008

Jobs, Jobs, Jobs

I have been watching the election, economy and the stock market. I am sorry to say that I was all but expecting the election results to be in favor of Obama. I sure hope it does not turn out that it is a four year test of endurance. The economy is already in question on stability and confidence we certainly do not need anymore reasons for questions. I lost a bit of hope when John McCain selected a running mate that very few had ever heard of. I felt his choice was centered on trying to gain the votes of Clinton's that were loosely based on gender rather than track record, political platform or country support. Sure many voters jumped on the ticket and offered their support but too many where not impressed and wavered on their support as became apparent in the election.

Now that Obama has won the election there is another item that might be of interest to consider as we move forward in the next four years. As I reflect back to my days in the Navy, I recall when Pres. Clinton was elected. It became apparent that the democrats did not support the military like the Republicans. A number of military bases were closed and jobs were lost. Not just military jobs but with all the base closures, a number of civilian support jobs were lost. Let's take a moment a consider our current situation. I hear how the unemployment rate is as high as it has been in a number of years and only expected to get worse. Well if the Democrats (Obama) follow suit then we will see an influx of military and civilian job seekers dumped into the already overloaded system. If it is hard to find a job now just wait until hundreds of thousands of individuals are dumped into the job market. The trickle down effect could look something like this...unemployment numbers increase which leads to an increase in demand on the welfare and unemployment payment monies which leads to an increase in taxes on a smaller number of workers which could impact the crime rate due to the unemployed turning to whatever means necessary to feed their families. Then the reasonably honest side of society has an increase in fear for safety and looks to purchase a gun. They are halted by the changes in gun laws by the newly appointed president and his democrat agenda in increasing the gun laws and making the lawful purchase of guns and ammunition difficult or impossible. This in turn increases the fear rate and causes the normally law abiding individuals to purchase guns illegally. This then causes society to demand more law officers. To increase the force requires an increase in taxes to pay for the greater need of government employees which is a start of bigger government...Democrats rule. What about the economy? Well with the companies getting smaller and the government getting bigger we need to figure out how to encourage the government to offer common stock so we can purchase shares on the largest growing entity in the US business marketplace. But why would you do that with so much debt on their books. Is there a good investment left in the stock market. If we are not careful we will be back investing in junk bonds and government run health care systems.

I hope you know most of this has been in jest but it sure gives you something to think about on the 'what-if' side or the ultimate extreme. Have fun and thanks for reading.