Dateline: July 7, 2009 - Bloomberg.com is reporting that Laura Tyson of the Clinton administration is advising that the economy needs another injection of taxpayer money to create jobs.  VP Biden however, said that it is too soon to consider spending more taxpayer money to stimulate the economy. Is anyone asking why private companies are not being assisted in creating manufacturing jobs in order to stimulate the economy?

          How much of a stimulus would drilling for domestic energy from oil help the economy? It would reduce the price of gasoline, which would make transporting commodities less expensive, which would reduce retail prices, which would effectively give wage-earners a raise. This is not an option for liberal Democrats who believe in global warming more then boosting the economy. Drilling also will reduce our dependence on foreign oil.

          The President is now saying that he expects the unemployment rate to exceed 10% this year. Conservatives have been saying this for at least 5 months now. The U.S. economy has lost 6.5 millions jobs since Obama stepped into the oval office. That is on pace with the FDR administrations stimulus plan.

          The Gross Domestic Product [GDP] which is defined as the total monetary value of all final goods and services produced in a country during one year, will continue to shrink while the budget will exceed 12% of the GDP. U.S. manufacturing continues its precipitous decline; however, the impact on the economy of deindustrialization has been a factor in the economy’s general decline since the early 60’s. But that is a separate issue.

          Laura Tyson, an Obama adviser, actually wants to weaken the U.S. dollar in order to promote U.S. exports. She didn’t mention which products the U.S. economy manufactures that are superior and less expensive then those produced in China. Perhaps more of a clarification would help.