John Ransom

2014 will likely be another year where Washington and Wall Street come up with solutions that ignore the real problems happening on Main Street.

The media is all a twitter with anticipation, waiting for Obama’s State of the Union address, which should be the first salvo for the 2014 mid-term campaigns that will terminate in November.

Media types expect a speech that will be heavy on income inequality, minimum wage increases, and unemployment benefits, none of which actually address the real problem that Main Street is having, which is a lack of jobs. A problem that Obama himself created.

In fact, each of these agenda items is an indictment of a do-nothing president, a see- nothing president and a know-nothing president.

So-called “income inequality” has risen under Obama, unemployment has gotten so bad that the official statistics --as even acknowledged by the mainstream media-- don’t actually measure unemployment anymore, and the most effective “minimum-wage” measures – job creation – is treated with almost pathological hatred by the administration.

This is an administration that would rather have freight trains full of crude oil derailing in Midwestern towns, while burning barrels of crude force residents to evacuate, than approve the job creation measure known as the XL Pipeline. The pipeline would transport oil less expensively, more safely and help fuel the ongoing energy revolution that the administration is pretending isn’t happening.

Obama won’t approve the XL pipeline over safety concerns.

I don't know about you, but the safety I'm most concerned with is preventing catching town residents on fire as freight trains of flammable liquids go through their cities. That would be a big benefit of Keystone... you know, besides the jobs.

Oh, the train thing? They have unions jobs.

So speaking of Know-Nothing presidents…

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!