McDonnald or McConnel, or whatever the hell his name is, the head of the Republican Party, has PUBICALLY stated that his MAIN goal is to defeat Obama. And people think that House Republicans will do something to help the US economy, with the election a little over a year away! Sure they will.
Remember these are the same ‘leaders’ that, instead of using the tax bailout money to help homeowners, gave it to wealthy bank debt and stock owners. Nearly all US Senators are millionaires.
Jesus would have to give them orders, while standing in the rotunda of the Capitol ,for them to do anything that might help the economy while Obama is President.
The bank stocks should be interesting Tuesday. Watch out for Katia on the East Coast. Some models are sending it into that region. Has anyone else noticed the number of attractive women on the Weather Channel? Did Fox buy it?

There are no drivers for job creation in the US, and there’s practically zero real job creation. If we analyze the “Labor Participation Rate” data, the real unemployment number is north of 15% and likely around 17% (vs. the 9.2% crap from the US BLS (source: John Mauldin, 3 Sep’11). What should politicians do?
1. Job creation should be the # 1 goal of all elected DC officials, but it ain’t.
2. While it would be helpful if the Republican controlled House cooperated with a Democratic administration, it is more likely that it won’t.

But let’s be honest about job creation, and what it takes! Governments can not, repeat CAN NOT create jobs; they can “tax and spend”, then “hope and pray” that somehow, a few jobs will be created by private industry. Historically, government spending has never resulted in any meaningful job creation.

A Primer on What It Takes:</b.
With ZERO help from the Republican House or the Democrat Senate, the Obama administration could do wonders for job creation ALL BY ITSELF, if it adhered to a few key principles, as I outline below. Some of these ideas were expressed recently by John Mauldin (see his website for 03Sep commentary), Chris Whalen, John Hussman, Mish Shedlock, and others.

What Obama SHOULD DO:
1. Tell his regulators in EVERY federal agency that they must eliminate 2 or 3 regulations, for every new one that they create. Existing regulations, and new ones imposed by the current administration, are killing American business.
Example (from WSJ & Mauldin): small banks require 1.2 workers to deal with regulations and federal compliance, for every 1 worker they assign to loan creation. Clearly, something is very, very wrong here.
2. Admit that Small Business is the “KEY” to Job Creation: According to many studies from GS and many others, 90% of new jobs always come from small businesses; additionally, 75% of all new jobs come from small firms with less than 20 employees. Lesson here: relax the regulations and compliance requirements, and provide new incentives for small business job creation.
3. Find ways to make it easier for small businesses to find capital, and to create new businesses. Create an Executive Order to ensure this will happen.
4. Admit that federal government intervention, especially under the Obama administration, has greatly hampered job creation. Source: http://www.zerohedge.com/article/john-taylors-must-read-op-ed-calling-great-reset
Tell all federal agencies to stop intervening in the business affairs of private enterprise.
There’s lots more, but I believe these actions, if enacted, would “create a miracle” in job creation within 18 months!

I’m a Realist:
I admire the honesty of the 4 dudes I identified above, but I’m also a realist. None of these things will happen, because Obama firmly believes that:
a) A bigger federal government is a good thing, and
b) The federal government knows best (in reality, it is clueless!).
Instead, his “job creation” speech will contain a lot of the same old-same old stimulus and pork that he mentioned many months ago, when he spoke of job creation.