Bernanke to testify before Democratic committees for the first time
|And this article makes the point that the Federal Reserve Chairman and the Democrats grilling him might not be on the same wavelength...|
And Rep. Hodes wasn't alone. Joining his "concerns" is the opinion that the economy's "not so good" from Senator Brown and that people are "checking the help-wanted ads" not the latest stock prices according to Rep. Wilson. That's some brilliant economic analysis all around right there. Random, pointless concerns, a general not-so-good by someone who probably doesn't understand how supply and demand works, and anecdotal unemployment stories probably put forth by lobbyist unions, rather than reality.
I'll be the first to say unemployment sucks. I was unemployed for a couple months a few years back; I quit a dead end job that cost me more in gas and mileage than I made. How did I re-employ myself again? I went to a temp agency, and yes, my college education paid off. I worked hard at that company and they hired me full time. Even gave me a raise, thanks to a college education. I worked so hard that when I said I was moving and going to have to quit, they found me a job close to my new house. All that was me, my hard work, a grateful and generous employer, and a bit of luck. The government had nothing to do with it.
And that's how it should be. While certain sectors of the economy aren't performing as well as those that are carrying the GDP, the government shouldn't be creating jobs for steel workers in Ohio, miners in West Virginia, or computer programmers in California. I mean, really, the government does too much as it is.
Honestly, the free market, capitalist system maintains itself pretty well on its own. Government officials just need to stay out of its way. It's a whole lot easier for bureaucrats to muck it up that fix it once they've broken it.