Friday, June 1, 2012

Disappointing jobs report

The big news today was the weak job report.  Gold jumped 4%.  Stocks fell hard.

Democrats blame austerity, but what austerity?  Here's what I think-- it isn't how much, but how much is spent on productive investments.  If the government spends as much money on space as it did during Apollo, but getting little done, then something must be wrong, don't you think?  If the government spends billions on unproductive fusion research like the tokomaks, but overlooks fission research completed forty years ago, something's wrong, don't you think?

The problem isn't how much is being spent, but how it is being spent.  It's being wasted.

Another problem is that there is no need to spend hundreds of billions each year on imported oil.  We've got the capability to end that dependence.

We should also cap military spending and military adventures.  Let the world take care of itself for awhile.

Those are the obvious things.  But not so obvious as to why they aren't being done.

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