Unemployment in America Is a CAPITOL Offense

by David T. Bruce

gechartThe same General Electric that is able to navigate enough tax loop holes to enjoy a zero dollar tax burden has also recently awarded American jobs to residents of Beijing, as the American Job Czar/GE CEO, Jeff Immelt, has opted to move the company’s X-ray technology headquarters to China.  The national unemployment rate remains at 9.1% (20 states have an unemployment rate of 9.0% or more), with over 44% of the unemployed measured as those who have been unemployed for 27 weeks or more. While companies nationwide continue to layoff employees, major businesses such as GE look out for their own bottom line by sifting through tax code to avoid paying taxes and sending jobs overseas in the effort to save even more money.

In the effort to create jobs at home, the President has presented yet another jobs bill. A Wall Street Journal report compares two opposing scenarios regarding the possible result of spending $447 billion on this bill, suggesting that President Obama’s job bill will at best create 1.2 millions at the cost of $100,000, at worst $350,000. Of no surprise to anyone, the majority of Senate Democrats favored the bill, while enough Senate Republicans and a couple of Senate Democrats more concerned about their own jobs than the jobs of American citizens blocked the vote on this proposal.

Even as 63% of Americans are said to be in support of the American Jobs Act, Senators and Republicans continue to bicker over whether or not the bill should be passed, and if so, what parts of the bill should be passed and what parts of the bill should be eliminated.  The stalemate continues on Capitol Hill, with American citizens falling victim to the pathetic squabbling of pubescent bureaucrats in three-piece suits.  Democrats blame Republicans.  Republicans blame Obama.  In 2012, Senators and Representatives from across the aisle will blame a newly-elected president.  The rhetoric is the same.  The snowball affect, however, of a government waylaid by posturing and terminal campaigning is a constituency fed up with rising unemployment in tandem with rising food, energy, and health costs.

Admittedly, I do not know the inner-workings of Capitol Hill and the effort required to draft and promote a bill.  I suspect that our elected representatives make this process far more difficult than it needs to be, and I also suspect that they have their own selfish interests (and that of wealthy corporate donors) at heart.  When a bill is drafted to promote jobs, we would hope that this job targets promoting the growth of jobs, without various other frills, wants, or needs tagged onto the bill.  This is what happens, however.

Enough garbage is added to a bill that gives virtually every member of Congress a way to put a wedge into the promotion or passing of the bill. Congress: will you please adopt a “Schoolhouse Rock” method of passing a bill?  Pick a goal, write a plan, and get the job done.  The United States is not your personal Monopoly board, and American citizens are not a stack of Chance or Community Chest cards.  We have as much of a chance of winning at your game as we do of winning the grand prize playing McDonald’s Monopoly.  Americans are obviously losing, and many of us are tired of playing by your rules.

There’s a huge outcry in America about bringing in foreign workers to fill American jobs, but where’s the outcry for companies who outsource jobs to other countries? Corporations who outsource jobs should be heavily penalized for doing so, making the cost benefit of sending jobs overseas an expensive consideration.