Related to the post below…
President Obama has asked businesses to start hiring. In his mind, hiring is just something you do by whim. You don’t have to ask if hiring the employee pays off at the bottom line, or whether those new employees will tip profit to loss and cause the entire business to come crashing down, making everyone now employed into newly unemployed. The incentive should be to do good. It would be a good thing to have full employment, so businesses should hire. The problem is that the incentive in business is to stay in business and even to be profitable. Businesses that go out of business do no good for anyone. Businesses that stay in business and are profitable are the wealth generating engines of the economy and that does good for everyone.
So what does the economically illiterate Obama and his administration do to encourage this job growth he requests of business? Threaten businesses with higher taxes. Have policies that necessarily cause the cost of energy to “skyrocket.” Prevent energy producers from producing energy. Institute a health care scheme that raises the cost of employees. Let the bureaucrats run wild with regulations that cost money in compliance, or shut down activity altogether.
With the NLRB Vs Boeing debacle they have let businesses know that big government will tell them exactly where and when they can do business. People complain of the lack of manufacturing in the USA. Well, when you don’t know what an executive branch bureaucracy like the NLRB is going to do that will cost you more money than you had planned for, do you manufacture in the USA if you have a choice?
Lamar Alexander (R-Tenn) introduced a bill to re-establish the rights of businesses to do business where they want. In introducing the bill, he said:
This is not just about South Carolina, and it’s not just about making airplanes,” Alexander said in announcing the new bill. “[T]his is about jobs in every state in the country, and whether or not manufacturers are going to be able to make in the United States what they sell in the United States.”
The economically illiterate Obama is, as he proves time and again, also historically ignorant (let’s face it, we elected not an empty suit–claiming he was the smartest man ever–but a suit on a mannequin built of Progressive ideology). He wanted to be the new FDR. In his economic and historical illiteracy what he failed to realize was that the economy was pulling out of the recession that began under Hoover until the government started taking action. Then, what was looking like recovery turned sharply downward into a great depression that lingered for years as FDR involved the government more and more in the economy.
Free market capitalism is very adaptable. However, when you give it one thing after another to adapt to, it causes the time it takes to make the adaptations to get strung out. This is particularly true when the policies being enacted are anti-business and anti-wealth.
To tell businesses to “just start hiring” is the perfect emblem of a Progressive elitist who has no idea how business works, and knows only the public sector. He knows how to feed off of the teet of the productive, but has no clue how the productive become productive.
Truly, the guy should be easy to beat. People understand (or can easily be made to understand) that prosperity comes from businesses being successful. Jobs are created in successful businesses. New lifestyle improving products and services are produced by successful businesses. Opportunities for personal advancement are created when businesses are successful, when entrepreneurship is paying off, when there is investment money to be had. Obama thinks government can provide prosperity, but people understand that opportunity and success at business provides prosperity. Given the choice of sucking up whatever crumbs the government deigns to give you and being productive and taking advantage of new opportunites, the majority of Americans will prefer real prosperity.
(Note: the quote above was taken from a good article at Human Events by Gary Bauer.)
More Economic Illiteracy From The Obama Administration
Related to the post below…
President Obama has asked businesses to start hiring. In his mind, hiring is just something you do by whim. You don’t have to ask if hiring the employee pays off at the bottom line, or whether those new employees will tip profit to loss and cause the entire business to come crashing down, making everyone now employed into newly unemployed. The incentive should be to do good. It would be a good thing to have full employment, so businesses should hire. The problem is that the incentive in business is to stay in business and even to be profitable. Businesses that go out of business do no good for anyone. Businesses that stay in business and are profitable are the wealth generating engines of the economy and that does good for everyone.
So what does the economically illiterate Obama and his administration do to encourage this job growth he requests of business? Threaten businesses with higher taxes. Have policies that necessarily cause the cost of energy to “skyrocket.” Prevent energy producers from producing energy. Institute a health care scheme that raises the cost of employees. Let the bureaucrats run wild with regulations that cost money in compliance, or shut down activity altogether.
With the NLRB Vs Boeing debacle they have let businesses know that big government will tell them exactly where and when they can do business. People complain of the lack of manufacturing in the USA. Well, when you don’t know what an executive branch bureaucracy like the NLRB is going to do that will cost you more money than you had planned for, do you manufacture in the USA if you have a choice?
Lamar Alexander (R-Tenn) introduced a bill to re-establish the rights of businesses to do business where they want. In introducing the bill, he said:
The economically illiterate Obama is, as he proves time and again, also historically ignorant (let’s face it, we elected not an empty suit–claiming he was the smartest man ever–but a suit on a mannequin built of Progressive ideology). He wanted to be the new FDR. In his economic and historical illiteracy what he failed to realize was that the economy was pulling out of the recession that began under Hoover until the government started taking action. Then, what was looking like recovery turned sharply downward into a great depression that lingered for years as FDR involved the government more and more in the economy.
Free market capitalism is very adaptable. However, when you give it one thing after another to adapt to, it causes the time it takes to make the adaptations to get strung out. This is particularly true when the policies being enacted are anti-business and anti-wealth.
To tell businesses to “just start hiring” is the perfect emblem of a Progressive elitist who has no idea how business works, and knows only the public sector. He knows how to feed off of the teet of the productive, but has no clue how the productive become productive.
Truly, the guy should be easy to beat. People understand (or can easily be made to understand) that prosperity comes from businesses being successful. Jobs are created in successful businesses. New lifestyle improving products and services are produced by successful businesses. Opportunities for personal advancement are created when businesses are successful, when entrepreneurship is paying off, when there is investment money to be had. Obama thinks government can provide prosperity, but people understand that opportunity and success at business provides prosperity. Given the choice of sucking up whatever crumbs the government deigns to give you and being productive and taking advantage of new opportunites, the majority of Americans will prefer real prosperity.
(Note: the quote above was taken from a good article at Human Events by Gary Bauer.)