Stock Market Surges, but Americans Still Suffer

The U.S. Stock Market hit record highs today, but this still does nothing to translate into anything benefiting average Americans. The recession that began in 2007, with economist stating that the recession seems to ebbing, unfortunately for those unemployed they are not seeing any job creation.

The change that President Obama brought to Washington was massive government spending, government takeover of the auto industry and various financial institutions has only deepened the debt this nation owes.

Washington seems more concerned bailing out corporations and the financial sector but leaves small businesses and entrepreneurs out in the cold. Washington needs to re-focus its attention on this beleaguered sector as they don’t have the political clout or receive political contributions that emanates from the various special interest money that comes from corporate America or organized labor to the power brokers.

The last time unemployment soared above 10% was during the presidency of Ronald Regan, but unlike the Obama Administration, President Reagan cut taxes, reined in regulation that enabled those in small business and entrepreneurs to hire, invest and take the necessary risk taking that spurs economic growth.

The idea that government spending will somehow spur economic growth is pure fallacy. Government spending will only deepen the debt the nation faces and will not create economic growth, but create economic stagnation.

The nation cannot wait until Washington figures it out, it has to act now. The longer it waits the deeper Americas economic situation becomes and you will see higher unemployment as a result.