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Location: Pantego, Texas, United States

Tuesday, December 23, 2008

I just watched a press conference by Joe Biden and the Obama economic team. They claim to be negotiating with Congress on the Obama economic package that will "create 3 million" new jobs. I have seen Democrats complaining that Republicans are already criticizing Obama, and he hasn't even taken office yet. But, it appears that Obama has already taken over. For example I have never before heard of the "Office of the President Elect." It appears to me that Obama's actions open him up to legitimate criticism. I was struck by the economic teams frequent mention of "saving the middle class," which is the task Obama has assigned to Joe Biden. Records show that over the past 20 years the middle class shrunk because of so many people moving up rather than people moving down. I guess Joe Biden will be a success if he taxes those higher income folks back into the middle class where they belong.

Regarding the 3 million jobs, it appears that most of them are construction jobs. I wonder where we will find the construction workers. Maybe from Mexico. IN Great Britain they have been trying to create a lot of "green" jobs of the type Obama talked about in the campaign. Now from Great Britain comes the news that the "green" jobs cost them about $250,000 per year each. At that rate, Obama will need $750 billion per year for his "green" job program. That's a lot more than the defense budget. Should we getting ready for inflation, since it is obvious that Obama will continue Bush's policy of printing money.

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