CEO Blows Away Congressional Hearing: 'I Was Fined for Hiring Too Many People!' (VIDEO)

FoxNation.com ^ | Sept 20 | Staff

[kcvl]

He nailed it!

******

Creating jobs is easy for government, but all jobs are not equal. Paying people to dig ditches and fill them up does society no good. On balance these “jobs” diminish the economy by wasting scarce land, labor and capital. We do not want jobs for the sake of work, but for the goods and services they produce. As it has a printing press, the government could mandate employment for all, as did the Soviet Union. But if these jobs are not productive, and government jobs rarely are, society is no better for it.

This is also true of the much vaunted “infrastructure spending.” Any funds directed toward infrastructure deprive the economy of resources that might otherwise have funded projects that the market determines have greater economic value. Infrastructure can improve an economy in the log-run, but only if the investments succeeds in raising productivity more than the cost of the project itself. In the interim, infrastructure costs are burdens that an economy must bear, not a means in themselves.

Unfortunately our economy is so weak and indebted that we simply cannot currently afford many of these projects. The labor and other resources that would be diverted to finance them are badly needed elsewhere.

[nevergore]

Actually, we are not obtaining loans, they find “qualified” investors (high net worth individuals) over $1M in assests or family trusts to invest.

They are subject to securities law....

Of course, investment bankers are not true banks......

This is why Obama’s Buffet plan is so dangerous for small business, it will dry up this source of capital.

Already, traditional banking and leasing capital is all but gone, if this tier disapears, we are screwed.....

[antisocial]

BFLR

[vette6387]

Not worthy of a reply.

[American in Israel]

Ah the typical Nasty Sarcastic troll that complains with deep insults and long straw men letters when anyone points out a foolish position.

What we need on FR is a little manners, you know, civility and free discussion.

[American in Israel]

Infrastructure can improve an economy in the log-run, but only if the investments succeeds in raising productivity more than the cost of the project itself. In the interim, infrastructure costs are burdens that an economy must bear, not a means in themselves.

Bears repeating! Great post!!

[Greysard]

Financial brokers create nothing.

What do clerks at the grocery store create? If you insist that they are useless then close all checkout stands and see how that works out.

There was actually a world leader that shared this negative opinion about financial brokers. His name was Vladimir Lenin and his country was called USSR. There was no free flow of capital in that country and no investments. Even one factory couldn't buy an interest in another factory. That political system doesn't exist anymore for some reason.

[Presbyterian Reporter]

“”We do not want jobs for the sake of work, but for the goods and services they produce””

—

Good point and that is the reason Obama Job Stimulus programs are bad for the economy. Building a statue does not make the United States a more productive country.

It may have kept someone off the unemployment line for a few months, but at the end of the day, we would have been better off just paying the statue maker to stay home and do nothing.

Because once the statue is built, then someone needs to be hired to clean the pigeon crap from the statue’s nose.

[freedumb2003]

>>at we need at FR is a variant on Godwin’s Law. Brownsfan’s Law:<<

Been on a Gov. Palin or Gov. Perry thread lately?

In the meantime, we are all waiting for your definition of “worker.” Based on your comments so far, it is “someone who makes something.”

Are you standing by this 16th century definition?

[mo]

The kernel..the nugget of it all is taxes, regulation, and immigration

The story of American jobs and labor is deeply intertwined with predatory Federal, state and local taxation and regulation....

South Koreans sleep soundly on their border with NORKS because of American Taxpayer dollars and the American GI.

Why can’t Texans, New Mexicans, Arizonans and Californians?....BECAUSE

Illegal immigration is THE KEY to the perpetuation of the status quo in DC......

Predatory tax and regulatory policies-actions that basically serve to perpetuate and grow governments-leave what business is left in the country seeking disposable labor.

Illegal Labor is the Feds out for preserving the status quo regarding Taxes and Regulation. Interestingly, that is WHY the Feds encourage in-state tuition etc for illegals under-the-table -their presence providing disposable labor allows Federal, State and local regulatory and tax excess in the status quo to continue

Immigration is the ultimate litmus test as to the candidates in question commitment to meaningful regulatory and tax reform. If they are wishy-washy on the subject...they have no real intent to disturb the DC status quo...no matter how big their cowboy hat and six-gun.

Real”leadership” is that which will place Flyover Country’s interest ahead of the Feds....haven’t yet seen anything meaningful anywhere from anybody to indicate that might happen. We have just one more election cycle to make that happen via rule of law. Otherwise its the end of the run for America.

[moovova]

Not worthy of a reply.

So...you replied anyway?

You must work for the gubment...

[PeterPrinciple]

Even Adam Smith (Wealth of Nations)who detested lawyers as non productive said they did provide a necessary role if limited.

I will give brownsfan a break in that I react to the quantity, overhead and bureaucracy of brokering. MANY but NOT ALL brokers are promoting scams and overhead expense and hiding in govt regulation.

[skinkinthegrass]

I must have missed the memo that it was pile on brownsfan day

kinda reminds me of a Brazilian saying....
"Different Flies, same pile of $h!t"....
thanks , for the informative (& funny) posts
btw, We are / were discussing the RINO/CINO/Liberals
' Taxing Policies....insults aside, still a good thread.

[brownsfan]

“Ah the typical Nasty Sarcastic troll that complains with deep insults ... “

And that’s how you being the post?

Look up irony.

[brownsfan]

*** In the meantime, we are all waiting for your definition of “worker.” Based on your comments so far, it is “someone who makes something.” ***

If you read the entire thread, I did a mea culpa of sorts. If it’s financial brokers, I’m not well versed. Stock brokers are who I was impuning.

A worker is anyone who provides something of value. So, that includes the service economy.

Now go untwist those knickers. :)

[Usagi_yo]

Financial brokers create nothing. <-—— Period.

[American in Israel]

Yes, I understand Irony, that is why I copied the first part of your post as a pattern for mine.

I deliberately included irony, glad you noticed it.

[brownsfan]

“I deliberately included irony, glad you noticed it.”

Lowering yourself to my level, for no apparent gain.

Interesting.

[American in Israel]

Hoping to share a clue. Oh well, that’s why they call it fishing not catching.

[lewislynn]

Actually, we are not obtaining loans, they find “qualified” investors (high net worth individuals) over $1M in assests or family trusts to invest.

Unless your investors are legal partners you are still paying them a rate of return.

If it wasn't for usury laws you could find those investors, or they could find you, without being forced to having broker fees to pay. If you choose to have a broker that's one thing. Being forced to have a broker is another.