Things Look Great in New Hampshire!! As election time nears, I hear a lot of press from Concord, NH telling us how great our economy is doing. Unemployment is low, small businesses are expanding again, and our budget is balanced. Great news for incumbent legislators like me. The people will be dying to vote me back in office since everything is so rosy. I suppose I should embrace this news, but I can't. It is a lie. Unemployment is lower in NH for several reasons. First, New Hampshire has an inordinate number of small businesses, thankfully, as they are the best economic engine we have. The problem is that small business men and women cannot collect unemployment, even though they are required to pay into the system. Honest, I couldn't make up something that unfair. It appears our bureaucrats fear that if a small business person is losing money, can't pay the bills, and can't take any money home to feed his family, he may do something silly... like go out of business and collect the unemployment insurance that he has paid into for years. Nope, no money and that owner will not appear on the unemployment roles. Makes our lawmakers look a lot better with thousands of unemployed small business owners not showing up in the statistics. |
Small
businesses are spending more money now, but it is not usually for
expansion. In this economy, with no clue when business will pick up, it is
a poor businessman who would borrow money to expand. No, many small
businesses have been spending as little as possible. Now, machines are
wearing out and inventory is running low. They have to replace these,
whether they want to or not, else they will be out of business and, as we
discussed, collecting NO unemployment.
Balanced budget, hah. I have
explained in this column in the past that the budget relied on borrowing,
using one time federal "stimulus money", stealing from emergency
reserve funds from every agency it could, and calling state owned property
"cash". Read my June
10 article in the archives here. No, the rosy picture is
painted by current politicians to help them keep their jobs. I do know
that I and all of the Republicans from my district vote "NO"
again and again to keep us out of this mess, so I cannot help but call the
others on their lies.
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Contact: ken.s+sunacom.com (replace "+" with "@") |