Washington, DC – U.S. Congressman Mike Pence, Chairman of the House Republican Conference, released the following statement today after the Department of Labor announced the national unemployment rate reached 10.2 percent during the month of October:
“Families across this nation are devastated by the reality of a 26-year high unemployment rate. It’s hard to find a friend or a neighbor who hasn’t been touched by today’s news that the national unemployment rate is 10.2 percent. The challenges facing our families and small businesses are obvious to those who are listening. Unfortunately, the Democrat leadership has turned a deaf ear to the concerns voiced by countless citizens, and the American people are paying the price.
“The American people want to know why Congress is forcing through the Pelosi plan for a government takeover of health care instead of a plan that will help create jobs. Concerned citizens don’t understand why their elected officials can’t work together to create jobs and bring relief to families hurting in the city and on the farm. It is time Democrat leaders abandon their endless pursuit of government-run health care and begin working on bipartisan solutions that will put the American people back to work.”
![Glenn Beck - States Test the 10th Amendment [1 of 2] - May 7, 2009](http://i.ytimg.com/vi/W_Lv0Nfvkvo/1.jpg)
{ 1 comment }
Obama fails to act on the one thing that would reduce unemployment most quickly and dramatically – rebalancing trade.
Unemployment, both in the U.S. and the world as a whole, marches ever higher because the field of economics doesn’t account for the relationship between population density and per capita consumption.
Following the beating the field of economics took over the seeming failure of Malthus’ theory, economists adamantly refuse to ever again consider the effects of population growth. If they did, they might come to understand that once an optimum population density is breached, further over-crowding begins to erode per capita consumption and, consequently, per capita employment.
And these effects of an excessive population density are actually imported when a nation like the U.S. attempts to trade freely with other nations much more densely populated – nations like China, Japan, Germany, Korea and a host of others. The result is an automatic trade deficit and loss of jobs – tantamount to economic suicide.
Using 2006 data, an in-depth analysis reveals that, of our top twenty per capita trade deficits in manufactured goods (the trade deficit divided by the population of the country in question), eighteen are with nations much more densely populated than our own. Even more revealing, if the nations of the world are divided equally around the median population density, the U.S. had a trade surplus in manufactured goods of $17 billion with the half of nations below the median population density. With the half above the median, we had a $480 billion deficit!
If you‘re interested in learning more about this important new economic theory, then I invite you to visit either of my web sites at OpenWindowPublishingCo.com or PeteMurphy.wordpress.com where you can read the preface, join in the blog discussion and, of course, buy the book if you like. (It’s also available at Amazon.com.)
Pete Murphy
Author, “Five Short Blasts”