With All Due Respect Former FED Chairman Greenspan is Incorrect on Unemployment Numbers

The other day the former Federal ReserveNext, we need the same Red Magic Marker
Chairman Alan Greenspan was being interviewed.Committee, to work with the Small Business
He stated in that interview that unemployment willAdministration, and they need as much clout and
stay the same throughout 2010, perhaps throughpower as the most powerful members of the
much of 2011, and does not see anything we canpresidential cabinet. If we get the government out
do about that or anything on the horizon whichof the way of small business then the small
points to lower unemployment. Now then, Ibusinesses which generally hirer 70 to 80% of our
disagree, and I know I'm right so let me explainpopulation will begin to rehire.
why.The second thing we need is a $12,000 tax credit
First of all, with all due respect, former Federalfor every worker that is hired and stays
Reserve Chairman Alan Greenspan is a smartemployed with that company for six months.
cookie, and I do believe he is right that theAnd, we need to continually work towards easing
unemployment numbers will stay the sameour credit markets for businesses in the US. And
throughout 2010 without much change, and theythat my friends is all we need to do, this is really
will be similar through much of 2011. Howeversimple stuff. And I can't for the life of me imagine
where I disagree with him is when he says hea former Federal Reserve chairman with an equal
doesn't think there's anything anyone can doIQ to mine not being able to see this obvious fact.
about it. Let me explain why I disagree.Apparently, his statements and the statements of
You see, there are many things we can do aboutthe current Federal Reserve Chairman Ben
it, but I don't believe they will get done whileBernake are all about politics, not reality. But,
President Barack Obama is president, or while thebecause the Obama Administration is playing
Democrats controll the House and Senate. And,politics with our economy, former Federal
once the Democrats are thrown out of office,Reserve Chairman Alan Greenspan is correct, I do
and the Republicans fill a good many of thosenot see jobs coming back for the remainder of
seats there will be nothing but political impasse, in2010, or for the better part of 2011. That we
other words nothing will get done.very much agree on. If you need a problem
In some ways, people could say that's a shamesolved, we've already solved most of them at
because we need that pendulum to shift back theour think tank.
other way and yet, sometimes it is better when- However, there are two things we are learning
the government does nothing, as it allows thequite rapidly;
free-market do what it does best without1. Even if you solve all the problems of the world,
interference. Part of the problem we have righthumans will run around and mess them up
now is economic instability, there is too muchtomorrow.
uncertainty, and businesses don't wish to take2. There are many folks out there who don't
risks that don't make sense.really want problems solved, there's just too
You're probably wondering what I would do tomuch opportunity in crisis. Now then, that is not
bring back jobs in the United States. It's veryan attack on our leadership, or worse humankind
simple, we need to form Red Magic Markerin general as they go about their various
Committee's in every city in America, and theyendeavors in our society and civilization. Rather, it
need to be part of the Mayor's Roundtable inis merely an observation of fact, and I believe I
every single city. These committees needs to goowe it to my readers to explain to them how
through all the ordinances, resolutions, and rules atcreated realities work, how politics play a big part,
the city level, and we need a correspondingand how they are all caught up in it whether they
committee at this state and county levels oflike it or not. It affects us all.
government.