And the coast is clear. Well, not necessarily but we aren't going to go gently into the night. There are several compelling aspects to this rally.
US Manufacturing as measured by the May 2013 Manufacturing ISM Report On Business® is treading water barely above contraction.
Here's the latest example of head-splitting cognitive dissonance in Washington: President Obama used his State of the Union address to crusade for a revitalized U.S. manufacturing sector. But while he pays lip service to supporting businesses that build their products on American soil, Obama and his left-wing operatives are hell-bent on driving a key sector of the U.S. manufacturing industry six feet under: the American firearms and ammunition industry.
The re-election of Barack Obama hasn't done anything to make more jobs available to Americans, and there is no indication that it will. America now has 23 million people who want a full-time job but can't find one.
Half of recent college graduates can’t find employment. Those who find a job often settle for something less than a “college level job.”
The prospect of hanging, as Samuel Johnson observed, "concentrates the mind wonderfully." We're counting on that kind of concentration to keep us from falling off the infamous fiscal cliff, which doesn't sound like fun.
If you are wondering why American manufacturing jobs are going overseas and not coming back, look no further than President Obama’s National Labor Relations Board. The NLRB recently told a U.S. Court of Appeals that employers’ concerns that a multiplicity of small bargaining units will cripple their operations are “irrelevant” under U.S. labor law.
Living and working in Your Nation's Capital I forget, sometimes, that grand issues are fun to debate on CNN or MSNBC, but real people deal with real issues.