Go forth and celebrate proudly

Go forth and celebrate proudly

The June 25 Investor’s Business Daily made an interesting point. Ever since uttering those famous words about the private sector “doing fine,” President Obama has been “running away” from that statement, but maybe he shouldn’t because there is a lot of good things going on out there if only he would just look hard enough.

Pawnshops are exploding and stocks for publicly traded pawnshops are up handsomely. The repo business is thriving, and not just for the 99 percent either — the yacht repo business is also booming. Bankruptcy lawyers and foreclosure administrators are doing just fine.

There are 14 million (45 percent increase) more people on food stamps today than when Obama took office, but this is an economic stimulus per Obama’s secretary of agriculture.

Since the number of people applying for disability benefits has exploded under Obama, there is more than enough work for the officials who process these applications and the lawyers/advocates who work at overturning denials for the two thirds who get these applications rejected. There are 671,000 more unemployed today than when Obama took office so there is job security for unemployment office workers, but this is a healthy thing as Obama advisers explain that unemployment checks go out and are spent and help stimulate the economy.

And lastly, Under Obama federal regulatory spending climbed 12 percent from 2009 to 2012, and the number of regulatory jobs is up more than 11 percent (at a time when private sector jobs climbed just 0.05 percent). So stop running from many of these accomplishments, President Obama, go forth and celebrate them proudly.

Tim Garlisch

Naperville