Unemployment Hurts…

Why is unemployment so high? Why hasn’t it gotten better? Why haven’t the national credit card of TARP, Stimulus funds, bail-outs, and buy-outs made the situation any better?   It’s not Obama’s fault nor Bush’s fault.  Or another way to say it might be: It’s both Obama’s fault and Bush’s fault.   Behind the political name-calling and finger-pointing is a destructive philosophy.  This philosophy is a way of thinking about economics that is completely upside-down and counter to the Bible.

God offers clear, simple, easy to understand, advice on running an economy. A way to bless everyone with opportunities for liberty, prosperity, and generosity.  God offers a way to run a nation that offers justice for all. He offers wisdom on  how to spend, how to budget, and how to create jobs.   Paul warns us in Colossians not to fall for worldly philosophies and empty conceit.  Though he is specifically addressing a false teaching about Christ, his greater application is discernment to all thinking that is contrary to God’s word.


Col 2:8 Beware lest anyone cheat you through philosophy and empty deceit, according to the tradition of men, according to the basic principles of the world, and not according to Christ. 

What is this philosophy? It’s the ridiculous belief that you can build an economy by borrowing, inflating, and taxing. It’s the silly notion that any can build an economy on consumption, rather than production.   Proverbs 31 lays out the principles so clearly. It shows us how to provide jobs for those who need it.  You allow small business people like the Proverbs 31 woman to produce, profit, invest, save, and give.  Small businesses create 99.7 % of new jobs in this country.  Here are a few facts about small business:


“Small” firms:

  • Represent 99.7 percent of all employer firms.
  • Employ just over half of all private sector employees.
  • Pay 44 percent of total U.S. private payroll.
  • Have generated 64 percent of net new jobs over the past 15 years.
  • Create more than half of the non-farm private gross domestic product (GDP).
  • Hire 40 percent of high tech workers (such as scientists, engineers, computer programmers).
  • Are 52 percent home-based and 2 percent franchises.
  • Made up 97.3 percent of all identified exporters and produced 30.2 percent of the known export value in FY 2007.
  • Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

What is the opposite of Godonomics? Taxing and diverting the small business person’s wealth to inefficient third party purchases, inflating a currency that punishes the saver, and borrowing from other countries to support their production rather than our own.


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posted October 1, 2011 at 4:14 pm

Your assessment is spot on, and I’m not a Bibleist… Government creates very little wealth (by assisting the private sector with infrastructure); it impounds wealth. And because its revenues are unearned, it has a marked tendency to waste, misuse, and mismanage a great deal of those funds.

Which is exactly why the US is in the condition it is today.

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posted October 2, 2011 at 9:51 am

although i totally agree with tom about your assessment, but what’s in my mind is can we inference the current unemployment condition is an outcome of ‘just’ financial chaos? 30% of unemployed, less than a high school diploma, is trying to get 5% of the wage from the system while 7% is ‘expecting’ 40%! isn’t it obvious that expecting 5% means 95% chance of work for some above? also how about the spirit of competition? where is the determination, ambition & hope? what is this miserableness for?
so, we don’t need to go further with numbers, it’s that simple and over just at the beginning for me for some reason. it’s not the happy minority keeps the majority’s nose in trouble, it’s the majority keeps no will to get there,, no spirit & faith to move. If 3/10 (unemployment is 1/10) of my friends who are working for hospitality, hotel business are planning to go for a vacation in winter this year and not gonna work, dreaming about skiing, caribbean vacation with what they earned this summer, drink & sleep all day, get drunk, parties, travel and have fun while an old lady, 60-70 y/o, works in stop & shop in the morning as cashier & dishwasher in restaurant in the evening, also volunteer everywhere youngs refused to work, run-away and didn’t like the salary, also fill the churches & pray for us every sunday where youngs don’t know what & where it is!… i clearly understand that we don’t have any unemployment problem other than a social problem,, on the contrary of financial discussions, we should start discussing about the collapsing social life…

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posted November 10, 2011 at 7:32 am

Remember back those many years to when George W Bush was elected? Our government was showing a positive revenue stream, such that our country could pay down its debt, become debt-free within a decade? It was a Republican-controlled government that refused to allow our indebtedness to be reduced. Then, our Republican-controlled government started two wars, and refused to pay for either war. Next, our Republican-controlled government enacted Medicare Part D, and again refused to provide payment for that. That’s where the majority of our current indebtedness comes from.

I’m certainly not surprised by the reference to inflation. It hasn’t been a large problem in America for over two generations now. There’s no evidence it will be a problem any time in the near future.

The reason most companies won’t hire additional people is they have no work for them, and won’t until more people wish to buy their goods. That increase in sales won’t happen as long as people know their job can disappear within a month, or that simply existing and trying to save for the future is taking all their money. The problem is the lack of demand, not the lack of production ability, not the taxes, not the regulation.

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posted December 30, 2011 at 7:34 pm

But of course, the Apostle Paul’s exhortation in Chapter 2 to the Colossians is actually an attack on the welfare state! No, Chad, an economy needs BOTH consumption and production, and you cannot build an economy without a government that meets those public needs that markets never have, like general elementary, secondary and post-secondary education. Governments cannot do that efficiently without borrowing, taxing and managing the money supply to contain inflation and deflation. Again, your scriptural reference is spurious. Every time the New Testament mentions taxes, we are commanded to pay them, because they support the government God has ordained. I might agree with you that He wants us to support a government that counters His ideas of corruption.

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Jan Mabuse

posted May 19, 2012 at 2:29 pm

I am doing a competitive analysis for my research firm; with primary focus on reliance first capital . Does anybody know companies that do survey on financial services industry?

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