Business Knows More than Obama about Creating Jobs

Discussion in 'Politics' started by carpro, Jul 17, 2010.

  1. carpro

    carpro
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    http://biggovernment.com/lkudlow/20...e-than-obama-about-creating-jobs/#more-145586

    Business Knows More than Obama about Creating Jobs
    by Larry Kudlow

    With a bad-blood, confidence-destroying battle royale going on between Team Obama and business, you would think a highly publicized White House jobs summit would have produced some kind of positive announcement that gives a nod to the business point of view

    SNIP

    The fact is, major corporations are sitting on a near $2 trillion cash hoard that along with rising profits could become the greatest private-sector stimulus plan ever. Banks are also stockpiling cash — about $1 trillion in excess reserves that could finance the greatest job-creation program in history. Three trillion dollars of private money dwarfs the piddling $50 billion in deficit-creating taxpayer money being debated on in Congress.
    But all business is asking for is some clarity and certainty regarding government intentions, especially on taxes and regulation.
     
  2. billwald

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    Could be true but it is irrelevant because it is not the business (purpose) of businesses to create jobs. It is the business of businesses to maximize net profit.
     
  3. Winman

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    I think this may have been posted before, but Obama's cabinet has the least practical private business experience of any administration ever. Here is a chart comparing recent presidents.

    [​IMG]

    It's hard to expect people who have no real experience in business to know what to do to stimulate the economy and create jobs.

    But if you want an anti-war rally, just give them a call and they will have 10,000 protesters on the street within an hour. :laugh:
     
  4. carpro

    carpro
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    Obama's moronic economic policies are extending the recession.

    By design?:confused:
     
  5. Dragoon68

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    No, it is true!

    In order to make a profit they have to sell goods or services. In order to do that they need workers who can design, market, produce, ship, sell, service, etc. those goods or services. They can't make a profit without the workers. The workers get the benefit. Workers with great ideas, a willingness to take some risks, adequate savings, and convincing arguments for investors can themselves become business owners. It's a great system!

    The government, on the other hand, just takes a slice of the profits and the earnings without the risk of the investment or the skills of the worker. It also frequently tacks on a bunch of rules.
     

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