Job creation

[Hutch]

I really, REALLY wish I could claim credit for the following quote, but alas, I'm not that smart.  Smart enough to swipe the idea, tho'.

Why does a new (private sector) job get created? A new job is an investment by an employer based on the expectation of a return in the from of incremental profits. You want me as an entrepreneur to make those investments? Give me regulatory stability; predictable and low taxes on profit; a labor pool with a strong work ethic; keep my non-labor costs low by making sure my suppliers - utilities, telcos, banks - have to compete for my business. Make me want to invest here vs. somewhere else by efficiently managing the roads, schools, parks and community services (rather than using them as tools for patronage or redistribution).

I blush with envy at people that have such clear thinking, and can turn it into simple-to-understand, cogent, and ACCURATE expression.  Reckon why our congresscritters either don't get it, or refuse to accept this simple truth?

[makattak]

“Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.”

Here's the same thing said even better.

Said 234 years ago by Adam Smith. Too bad we can't learn.

[RaspberrySurprise]

I really, REALLY wish I could claim credit for the following quote, but alas, I'm not that smart.  Smart enough to swipe the idea, tho'.I blush with envy at people that have such clear thinking, and can turn it into simple-to-understand, cogent, and ACCURATE expression.  Reckon why our congresscritters either don't get it, or refuse to accept this simple truth?

Some know, they just choose to continue abusing the system to their benefit, others are true believers that capitalism is evil and do their best to confound it, some are just plain stupid.

[Pb]

Unfortunately, business is rarely in favor of free-market capitalism... they want subsidies, people to be forced by the government to buy their products, gov. eminent domain to take other's property, tarriffs on importing their competitor's goods, liscensing of producers to drive others out of the market, etc.

Free-market capitalism primarily benefits the consumer.

[makattak]

Unfortunately, business is rarely in favor of free-market capitalism... they want subsidies, people to be forced by the government to buy their products, gov. eminent domain to take other's property, tarriffs on importing their competitor's goods, liscensing of producers to drive others out of the market, etc.

Free-market capitalism primarily benefits the consumer.

“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”

Guess where that comes from.

[RoadKingLarry]

...others are true believers that capitalism is evil and do their best to confound it, some are just plain stupid.

I'm trying to decide if that is redundant or just not mutually exclusive

[Scout26]

Some know, they just choose to continue abusing the system to their benefit, others are true believers that capitalism is evil and do their best to confound it, some are just plain stupid.

I'm trying to decide if that is redundant or just not mutually exclusive

Sadly, that triumvirate outnumbers us.......

[Pb]

Makatak, I think that's Adam Smith your quoting.

[makattak]

Makatak, I think that's Adam Smith your quoting.

Yep. Published 234 years ago. We still haven't learned, though.

[lee n. field]

Guess where that comes from.

Adam Smith, would be my guess.

[Headless Thompson Gunner]

Adam Smith had it figured out in an academic, theoretical sense centuries ago.  Anyone who is been in business figures it out within a few weeks, or maybe a few months if they're slow.

The Obama administration folks are acting as though they still don't understand.  I find it hard to believe anyone as smart as them would have trouble figuring it out, and therefore I can only conclude that they're know what they're doing are doing it intentionally.

[TommyGunn]

Adam Smith had it figured out in an academic, theoretical sense centuries ago.  Anyone who is been in business figures it out within a few weeks, or maybe a few months if they're slow.

The Obama administration folks are acting as though they still don't understand.  I find it hard to believe anyone as smart as them----

 

----would have trouble figuring it out, and therefore I can only conclude that they're know what they're doing are doing it intentionally.

Well, I suppose they may be doing it on purpose .... but I'm not really sure they're that smart.  If they were they ought to figure out it isn't working and alter their program .....
Their REAL problem is they're ivory tower ideologues.

[Headless Thompson Gunner]

They're smart enough to work their way into the most powerful positions in the land.  And Barry himself does seem to have a functional IQ. 

They're not dumb people, certainly not dumb enough as to be unable to see what's going on right now.

[TommyGunn]

Maybe, but given the quality (I use the term loosely) of education most of the populace has achieved, I'm just not convinced that you have to be particularly smart to be able to persuade a lot of voters to put you in office.
Maybe I'm just being cynical.  After Obama was elected someone ran video "man on the street" interviews of people, most of whom thought the republicans were still in power, and had absolutly no idea who was speaker of the house, vice president, or any other of the top government offices.  It was pretty depressing to see that much canned stupidity on one videotape,