Tag Archives: political system

Krauthammer Wrong, Politics Dysfunctional

BY MICHAEL S. JOHNSON

My daughter was in Canada recently and went into a gift shop to buy a souvenir.  She handed the clerk U.S. dollars and the clerk called the manager over to get the most recent exchange rate. “We don’t take American money anymore,” the manager said. “Things are so unpredictable down there, we never know what the dollar is worth.”

Early in August, 5,000 Federal Aviation workers were thrown out of work without pay, along with thousands of construction workers because Congress couldn’t get its act together and reauthorize the agency. Workers were left without income to pay mortgages, car payments and buy groceries. Continue reading →

Debt Ceiling Debacle Embarrassing

 

BY MICHAEL S. JOHNSON

A friend who runs a small business told me recently he’s going to make some really tough decisions next week to cut expenses.  Those decisions are going to hurt good people.

I am familiar with people who have started new businesses that are now teetering on the brink of collapse. 

Businesses, big and small, in the housing industry are hurting because of consumer angst about buying or selling.

I know a couple afraid of losing so much of their retirement savings that they won’t be able to slow down when they’d planned.  I talk to young people every week who can’t find jobs and have nowhere to turn.

There are millions like them across America who don’t know where the next paycheck is coming from or how they will support their children or how they will avoid being dependent upon their children in old age.  They are feeling the anxiety of not knowing, the fear of failure, that agony of defeat.  They are real people with real families in real communities, struggling every day because of the uncertainty over the American economy.  They are consumers who won’t spend and manufacturers who won’t produce and bankers who won’t lend because of doubt.

Continue reading →