On August 30, 2012, Henry Blodget writes in the Business Insider argues that President Obama didn’t manage the country’s expectations well enough on the economy, especially with respect to unemployment.
Obama overpromised and undelivered.
Americans need to reassess just what the impact of tectonic shifts in the technologies of production is having on destroying and degrading jobs. No matter how “hard” one works to earn a livelihood, they will be impacted by the troubling economic and social trends (global capitalism, free-trade doctrine, tectonic shifts in the technologies of production and the steady off-loading of American manufacturing and jobs) caused by continued concentrated ownership of productive capital.
The ONLY way to REAL JOB CREATION is to embark on purposeful economic growth, while simultaneously strengthening EVERY American by empowering them to acquire private, individual ownership in future income-producing productive capital assets and pay for their acquisition out of future capital earnings, simultaneously with the growth of the economy. Over time as individual American enrich themselves by benefiting from the full-dividend earnings of their capital estates, the overall tax base will be significantly improved and the debt can be retired, all the while reducing peoples’ dependency on taxpayer-supported government welfare, open and concealed. Thus, the emphasis and focus needs to be on OWNERSHIP CREATION, which in turn will propel economic growth and result in real JOB CREATION, providing opportunities for every American to earn income though both capital ownership and their labor.
