We need 20 million full-time jobs in 2016 to offset half of our spending. After 5 months, we have 750,000. That means we are 19,250,000 jobs short in 2016 with 7 months to make it up.
Hillary Clinton’s solution is to identify what’s wrong, create a huge bureaucratic program and throw lots of money at it. We just can’t do that until we create more jobs to grow our economy, and the only way to do that is to cut taxes and spending.
The 70 percent of Americans that comprise the middle class have been suffering for years from “stealth stagflation” that is driven by high taxes and oppressive regulations.
When people can’t make ends meet, they get frustrated. And when those ends keep pulling further apart – no matter how hard people try to bring them together – frustration turns into anger. And when large numbers of people in a community are angry, it’s like a volcano that’s ready to blow.
When you go to the store and something you bought for five bucks six months ago is suddenly going for $5.25, and you just know it’s going to cost you $5.50 in another six months, chances are you just shrug and buy it anyway. After all, it’s only 50 cents.
When I first got in the business, I remember an older financial advisor saying to always remember the individual investor does the wrong thing at the wrong time.
