An Economic Wardrobe of Sorts

As a child, one of the greatest fairytales of all time was the Emperor’s New Clothes. For those of you who do not remember, "The Emperor's New Clothes" was about two weavers who promise an Emperor a new suit of clothes invisible to those unfit for their positions or incompetent. When the Emperor parades before his subjects in his new clothes, a child cries out, "But he isn't wearing anything at all!"

Well here we have it. “Companies are spending again, and that could mean better economic times ahead.” an article reports.

It seems that businesses are investing more money in machinery, computers, steel and other metals in three of the past four months and the liberals are salivating at their mouths. There is the appearance of economic growth in the second quarter and the hope that this in turn may lead to more jobs later this year. Always hating to be the bearer of bad news, I would suggest not rejoicing so fast.

Although the left is quick to give their Messiah Obama the nod of financial nobleness and quickly claim a victory over this War on Recovery, a revelation of Economic Wardrobe is about to unfold.

As is always the case, the liberal agenda in a never ending fantasy; fails to remember its shortcomings and economic failures which are the unintended consequences of its Economic Flavored Kool-Aid.

The numbers are out once again, and a realistic dissection of what is really taking place will reveal the stark reality that the worse is yet to come. You see even though the rate of layoffs slowed last week, the fact that the number of people seeking first-time jobless benefits remains about the same as in January. Add to the equation that the unemployment rate has been stuck near double digits all year long while consumer and businesses alike continue to remain cautious about spending and one can surmise that the truth is a foundational warning of the coming days.

Let us go back for a moment to Economics 101: In order for an economy to recover from a recession, which is nothing more than a mere correction of the Free Enterprise / Capitalistic Market when clear thinking Americans finally catch up with liberal Government and Union greed that ultimately fueled the excessive taxes and reckless spending, there must be a realistic opportunity for businesses to grow and expand. That opportunity can only be brought out by cutting taxes and encouraging growth in the private sector so that job creation may take place and consumer confidence can return.

Given the above scenario, one only needs to look at the revelation of truth that there remains stubbornly high levels of unemployment requests for jobless aid as the indicator that hiring remains weak. As hiring remains weak, economic recovery is nearly unattainable, period. Looking shortly beyond the liberal spin, one can only conclude that the economy in fact is falling far short of a recovery.

Being as President Bush’s tax cuts expire on December 31, 2010, main stream and Corporate America alike will all face substantial tax increases. This of course will cripple the already fractured and bankrupt U.S. Economy. Not to worry though, as the Economic Flavored Kool-Aid is continued to be poured out, the partakers of fate will no doubt declare that Emperor Obama has a new Economic Wardrobe. Of course those of us lacking common sense and overflowing with incompetence will be unable however to see them.