United States: State of The Union - Unemployment - Headed Where?

By: Ian Campbell | Tue, Feb 12, 2013
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This evening Eastern Time U.S. President Obama is scheduled to give his annual 'State of the Union' address. Favoured topics are said to be U.S. unemployment and jobs creation, and gun control. I expect Mr. Obama also to address the issue of defense spending, where he recently has been reported as saying 'Deep cuts' threat to security, Obama says in reference to pending defense budget cuts.

With respect to unemployment, i will be listening carefully tonight to see if, and if he does 'how', Mr. Obama addresses:

I suggest you listen carefully tonight to what Mr. Obama has to say, as he has four years to govern with no possibility of re-election - in an environment where the Republican Party will have less sway over Main Street Americans than it now has, and where Republican Party 'currency' given a broad 'we are on the side of capitalism, and don't believe in taxing the rich' stance is not likely to help it much in the 2016 or subsequent Presidential elections.

The foregoing should mean that President Obama, beginning tonight, ought to take strong positions based on a carefully conceived and practical economic strategy. Look for that. If it doesn't happen, watch as the American economic boat lists ever more to the left, at ever increasing risk of capsizing.

Topical References: Weak demand tied to unemployment, research suggests, from Economy Watch NBC News, Ann Saphir, February 11, 2013 - reading time 2 minutes. Also see 'Deep cuts' threat to security, Obama says, from UPI.com, February 11, 2013 - reading time

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
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Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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