A lesson he’ll never learn
The problem with Obama isn’t that he doesn’t know anything; it’s that so much of what he knows isn’t so.
The president’s problem is that he has neither experience in, nor understanding of, the private economy. He has worked exclusively in the nonprofit and government sector.
He has an unlimited faith in government and limited trust in private industry. And the president surrounds himself with people who share his myopia.
When the president visited plants from Buffalo to San Francisco on his much-touted jobs tours during the spring and summer, he was there to tell workers that government saved or created their jobs.
But that is not how it’s done. Job creation happens when individuals take personal risks: A man notices that all his friends and neighbors have garages stuffed with junk they don’t want and starts a new business with $700 in startup capital and an old beat-up truck. A few years later, Brian Scudamore’s 1-800-GOT-JUNK has 100 franchises across the country.
A young woman decides her chocolate chip cookies deserve to be enjoyed beyond her family. Debbi Fields borrows money, opens a small storefront, and within seven years, her company, Mrs. Fields Cookies, had revenues of more than $45 million.
These individuals created great wealth for themselves, but they also created thousands of jobs for other people. The fallacy in Obama’s thinking is the assumption we’d be better off taxing rich people more and having government spend the money directly.
So when Obama finally realizes there’s no such thing as a shovel-ready project, he’s admitting he’s wasted our money — billions of dollars — not his own. But his only answer is to raise taxes so he can spend yet more. It’s the kind of thinking that dooms his presidency and our economy.
And, thankfully, Progressivism itself. It’s just too bad that so many people childishly buy into the Hopeychangey illogic that they end up having to learn the hard way, and the rest of us suffer for their pig-headed ignorance.
Shameless liars update! So much of what they know isn’t so — and almost everything they say isn’t.
Clueless commies update! Maybe it IS that Obama doesn’t know anything after all:
We opened the front door in 1979, also a time of severe economic slowdown. Yet today, Home Depot is staffed by more than 325,000 dedicated, well-trained, and highly motivated people offering outstanding service and knowledge to millions of consumers.
If we tried to start Home Depot today, under the kind of onerous regulatory controls that you have advocated, it’s a stone cold certainty that our business would never get off the ground, much less thrive. Rules against providing stock options would have prevented us from incentivizing worthy employees in the start-up phase—never mind the incredibly high cost of regulatory compliance overall and mandatory health insurance. Still worse are the ever-rapacious trial lawyers.
Meantime, you seem obsessed with repealing tax cuts for “millionaires and billionaires.” Contrary to what you might assume, I didn’t start with any advantages and neither did most of the successful people I know. I am the grandson of immigrants who came to this country seeking basic economic and personal liberty. My parents worked tirelessly to build on that opportunity. My first job was as a day laborer on the construction of the Long Island Expressway more than 50 years ago. The wealth that was created by my investments wasn’t put into a giant swimming pool as so many elected demagogues seem to imagine. Instead it benefitted our employees, their families and our community at large.
That’s how you really “save or create jobs,” Mr notmypResident.
It’s not too late to include the voices of experienced business people in your efforts, small business owners in particular. Americans would be right to wonder why you haven’t already.
He hasn’t; he can’t; he never will. It would involve admitting how wrong his cherished Left-wing radicalism truly is — yet another thing the Big Boss Jackass is utterly incapable of doing.