Jobs Summit
Memo to the President: scrap the jobs summit and hold a job fair for new administration economists.
Have so few ever done so much to stifle opportunity and destroy prosperity? It's not clear whether this gang is completely clueless, or simply too spineless to speak truth to power. Would it be unreasonable for one of them to at least put a bug in Obama's ear that his agenda for "economic fairness," the redistribution of wealth, and massive government expansion might actually be backfiring?
It shouldn't be particularly difficult to fire them. No need to strategize with Human Resources. Don't bother checking their expense reports for erroneous charges, or phone bills for unauthorized calls. And, forget about fabricating claims of sexual harassment, or monitoring their email traffic.
Isn't attempted murder sufficient cause? They are killing the economy, after all.
What self-respecting economist would allow this to continue? Any schmo with an IQ over 80 and a passing familiarly with history has to know that transfer payments have nothing to do with structural, permanent economic growth. You know...the kind that creates real jobs...lots of them...ones that actually last...and exist...not the fake ones the administration keeps reporting...and the Boston Globe calls "wildly exaggerated."
Yep, even the super liberal Globe called bullshit on this one. When they investigated the administration's claim of 12,000 jobs created in Massachusetts as a supposed result of the American Recovery and Reinvestment Act, it turned out the number was actually closer to zero. Ouch.
The most laugh-evoking line from Obama's jobs summit speech was, "We all know there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country."
Limits? Even after a quadrupling of the deficit in less than a year, the President and his Liberal enablers are talking about an additional Keynesian-style stimulus, despite the fact that every previous such instance of government largess, including the two most recent (2/2008, 2/2009), has been a miserable failure.
Isn't it curious that "consider every additional responsible step" never seems to include pro-growth, supply-side measures, that when properly constructed, have a virtually unblemished track record of success? What rational thinker, for example, doesn't recognize that cutting the tax rate on those evil corporations and small businesses...yeah, the ones that hire people...wouldn't be a seismic jolt to economic activity? Even a lay person can easily comprehend that capital flows to where there is less friction and maximum prospect for return. Instead of the dollar being under siege and money fleeing the country, we would see capital rushing in to exploit the boundless opportunities.
Oh, there I go again, waxing quixotic and fantasizing about government officials doing what is right, rather than political.
Speaking of fantasy...I'm seeing Paul Volcker...he's drinking a beer with his economist buddies...whoops, wrong summit. Wait...he's channeling a little Johnny Paycheck...strumming a guitar...and singing, "Take this job and shove it."
Oh, that felt good.
Pass me a cigarette.
Have so few ever done so much to stifle opportunity and destroy prosperity? It's not clear whether this gang is completely clueless, or simply too spineless to speak truth to power. Would it be unreasonable for one of them to at least put a bug in Obama's ear that his agenda for "economic fairness," the redistribution of wealth, and massive government expansion might actually be backfiring?
It shouldn't be particularly difficult to fire them. No need to strategize with Human Resources. Don't bother checking their expense reports for erroneous charges, or phone bills for unauthorized calls. And, forget about fabricating claims of sexual harassment, or monitoring their email traffic.
Isn't attempted murder sufficient cause? They are killing the economy, after all.
What self-respecting economist would allow this to continue? Any schmo with an IQ over 80 and a passing familiarly with history has to know that transfer payments have nothing to do with structural, permanent economic growth. You know...the kind that creates real jobs...lots of them...ones that actually last...and exist...not the fake ones the administration keeps reporting...and the Boston Globe calls "wildly exaggerated."
Yep, even the super liberal Globe called bullshit on this one. When they investigated the administration's claim of 12,000 jobs created in Massachusetts as a supposed result of the American Recovery and Reinvestment Act, it turned out the number was actually closer to zero. Ouch.
The most laugh-evoking line from Obama's jobs summit speech was, "We all know there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country."
Limits? Even after a quadrupling of the deficit in less than a year, the President and his Liberal enablers are talking about an additional Keynesian-style stimulus, despite the fact that every previous such instance of government largess, including the two most recent (2/2008, 2/2009), has been a miserable failure.
Isn't it curious that "consider every additional responsible step" never seems to include pro-growth, supply-side measures, that when properly constructed, have a virtually unblemished track record of success? What rational thinker, for example, doesn't recognize that cutting the tax rate on those evil corporations and small businesses...yeah, the ones that hire people...wouldn't be a seismic jolt to economic activity? Even a lay person can easily comprehend that capital flows to where there is less friction and maximum prospect for return. Instead of the dollar being under siege and money fleeing the country, we would see capital rushing in to exploit the boundless opportunities.
Oh, there I go again, waxing quixotic and fantasizing about government officials doing what is right, rather than political.
Speaking of fantasy...I'm seeing Paul Volcker...he's drinking a beer with his economist buddies...whoops, wrong summit. Wait...he's channeling a little Johnny Paycheck...strumming a guitar...and singing, "Take this job and shove it."
Oh, that felt good.
Pass me a cigarette.
Comments