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It is the number one question for voters going into 2016…how do we make America the “land of milk and honey” again?

The public will be given two options:

• Redistribution of wealth and a laid-back approach to working, promoted as a work-life balance
• Rolling up our sleeves and breaking a sweat; also known as working

Last night, at an event in New Hampshire, Jeb Bush argued Americans need to get back into the workforce and to work longer hours:

“My aspiration for the country, and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours” and, through their productivity, gain more income for their families. That's the only way we're going to get out of this rut that we're in.”

The left turned apoplectic, taking his comments out of context by protecting their position of squeezing prosperity out of businesses and your more fortunate neighbor.

Make no mistake; the left is promising the ‘good life’ without sweating; like getting rock-hard abs by taking a pill. And as an extra bonus, they are promoting this as a way of leveling social justice against a rigged system.

The Bush campaign quickly explained that his comments were taken out of context, but I think the message is one that should be shouted from rooftops.

Hit the bricks, get back into the workforce, and grind your way to success and prosperity. This is the only way for America to get back to where it was.

The great news is that we can still get it done.

The bad news is that it begins with the right government policies that encourage investment and risk-taking while not paying people not to work. I have no idea how I will cast my ballot next November.  However, it will be for someone who loves the country enough to make us accountable and to enjoy the pride and success of working.

A Deal You Can’t Refuse 

“Now youse can’t leave.” That is my favorite line in A Bronx Tale; it is also the latest measure by Chinese officials.

China has put the clamps on its market and is prohibiting big shareholders from selling there by tilting the oldest rule of investing in their favor: stocks and the market move higher when there are more buyers than sellers.

In this case, the sellers are locked in the basement and threatened with being arrested while American investors cheer.

Yesterday’s rebound of 6% was a big relief, but a drop in the proverbial bucket, considering losses since early June. It remains to be seen if the coast is clear, but the more involved the government gets with respect from stemming losses, the more jitters it creates.

 Now, Chinese officials can only hope that greed supersedes fear, but there are no worries about common sense; that was thrown out the window a long time ago.

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The Greek Gift?

The United States finally weighed in on the “Greek Debt saga,” putting pressure on creditors to go easier on Greece, even while it is wagging its finger at them all. Nevertheless, the fact of the matter is that President Obama has promised and promoted policies that brought Greece to this moment.

Be that as it may, Greece submitted a proposal ahead of last night’s deadline. And now we wait to see if they are serious or if they are still playing silly games. The Greek exchange traded fund (GREK) was up 6.5% yesterday and higher in the aftermarket, which is a sign of hope that clear heads have prevailed and that this can has been kicked down the road again.

Moreover, not only are the Greeks raising taxes mostly on tourists, but they also are committed to phasing its solidarity pension fund out with the efforts beginning next year through 2019. The Greeks blink…let’s see if the market can breathe a sigh of relief.

Today’s Session

Today’s a big day. New York City is celebrating the US Woman’s Soccer Teams great victory of winning the Women’s Fifa World Cup. The parade will be passing right by Wall Street’s charging bull. As for economic data, domestically, we have the Census Bureau’s Wholesale Trade report to look forward to this morning. The rally is back on and its time to start investing in great companies again.

Comments

I have always enjoyed working. The process offers a great deal of education; such as realizing failing is part of succeeding. When you do succeed your self-respect is enhanced and your desire to work hard increases. Greece and the US Progressive Liberals cannot or do not want to embrace a possible feeling of failure, or the concept of actual work. They have very little self-respect, if any. It is easy to comprehend why they fail in the financial world. They are lazy, afraid of life, and have a poor image of their self-worth. It is a sad situation! FMT on 7/10/2015 10:36:43 AM

How do we get 4% growth as far as the eye can see? Investment! Corporations, large and small, need to reinvest their profits without excessive government intervention. Another driver is low energy cost. Coal and natural gas are plentiful and electricity produced by those fuels are less expensive. I could go on and on. The Obama administration has failed to create an environment for prosperty. American corporations have billions of dollars sitting off-shore because the administration wants too big a piece of the pie. Get the investment and jobs will be created, the participation rate will increase, competition for skilled workers will cause wages to increase. All it takes is a Republican in the White House. Chris Reinhardt on 7/10/2015 10:37:00 AM

You already know I love you Charles, this just confirms it. Jeb and the bigwigs in the Republican headquaters need to learn this lesson: You can say what you want to say in different words and people will happily swallow it. If Jeb had said the more simple "we need to get more people back to work" no one would have blinked, and they might have cheered. Saying "less unemployment" has the effect of raising hours worked which is doubtless what Jeb meant. (I'm available for paid consultation any time my Grand Old Party wants help with this! And I'm cheaper than Washington consultants too.) Mike H on 7/10/2015 10:50:26 AM

BINGO!! All you need to write every day..."with the right Gov't policies"....if it isn't fixed there...we're all toast. These Pols take their pay, expenses, bennies and do absolutely NOTHING to solve our problems...I see a Greek type upheaval somewhere in our future IF they don't get off their collective buts, MAKE THE TOUGH DECISIONS AND GROW THIS ECONOMY!! RLB on 7/10/2015 11:06:00 AM

Ever since the sexual revolution began in the '50's, Americans have come to expect having a good old time without any price attached. Eg, Scotus just substituted recreational sex for procreational sex in traditional marriage -- that is, sex without any price tag attached. What they forget is that the real key to the pursuit of happiness is a recognition that you won't get it without real sacrifice and lots of hard work. During my marketing career, I made a good living, but I had to make millions for my clients and save a few companies in the process in order to earn my keep. That's why marriage & family are fundamentally important. They are the real multiplier in any society. Ditto for families with kids. If you die childless, your contribution to future GDP is near zero. If you leave hard-working kids behind, your contribution to the economy could go on forever. We've forgotten that families are the source of all future supply and demand. Our pander society is the big reason we are sinking. Dennis Howard on 7/10/2015 12:28:32 PM

Charles, Take a simple sample of the American workers. The 90% middle class already hold two or more jobs, work longer hours to feed their families and what are they paid for this? To suggest that the fortunate neighbor, the 1% is so because he/she has been rewarded for working harder than the less fortunate is so unfair to the hard working American worker that the very suggestion is an insult. The average worker puts in at least 8 honest hours a day, earns less holiday time than the European counterpart, walks away with little or no pension and is burdened by college tuition for his/her. kids versus free education elsewhere in the civilized world and is threatened with withdrawal of the so called Obama Care and possible reduction of Social security if your favorite candidate makes it to the White House. Please be real! Francis Francis Ssekandi on 7/14/2015 2:39:09 PM

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