Schiff’s testimony was awesome.
CEO who and of what?........
Two things strike me on this:
#1 2008? Bush’s fault.
#2 He’s hiring brokers, not workers. Not people who make something. A broker is just a step above a class action lawyer.
This is a trend, Government regulations forcing JOBS offshore. Friend of mine wife workds for a company that is doing cheap manufacturing offshore....that used to be in America. They don’t want to cross the 50 employee limit.
Schiff did great. I got an email yesterday with these links to his testimony. Alert your friends by sending them an email.
Peter Schiff testified in front of Congress on Tuesday about the ridiculous jobs bill. Fantastic stuff. He embarrasses the Krugman clone next to him and the congressman who tries to challenge him.
Part 1
http://www.youtube.com/watch?v=FLmD9TeUC54&feature=youtube_gdata_player
Part 2
http://www.youtube.com/watch?v=xZbQGpf3D_Q&feature=youtube_gdata_player
bkmk
Not the biggest Schiff fan here, but his testimony was awesome.
What strikes me is that the 3 minutes (or whatever it is) allocated for discussion of various points....it doesn’t matter if it’s Barry Bonds on steroids (which I imagine is important to some folks but objectively does not affect them one iota) versus banking rules and regulations that affect *everyone*...for years...and the same blithering idiots are in charge of both.
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.
BFLR
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.