Posted on 01/04/2011 11:52:29 PM PST by Starman417
Last week the fewest jobless claims in 2 ½ years were reported. President Obama and Democrats will likely begin crowing that at long last their policies are beginning to kick in and turn the jobs market around. I'm not so sure. Let’s see how things look in six months as even a blind squirrel trips over a nut every now and then. At the end of the day Democrats are simply ignorant of what it takes to actually create jobs other than those financed by government money, i.e. by taking money away from productive citizens to inefficiently distribute it to others.
The funny thing about jobs is that you don’t find them sitting on a shelf or stuck in a closet. They are not items like tires or boxes or cars. They are not assets you can put into a vault and count and protect and take out whenever you want to use them. No, jobs are dynamic things that exist only in their exercise. Fundamentally jobs are nothing more than energy expended in the pursuit of accomplishing something.
As such, there are private sector jobs and there are public sector jobs. The difference is (besides the fact that public sector jobs pay twice what private sector jobs do…) that jobs in the private sector are typically created when some entrepreneur or investor decides that he or she wants to put their capital at risk for the purpose of growing it, and the vehicle they are choosing for that effort is starting a business. Whether they begin with a great idea they’ve patented, a process they feel they can improve upon or a service they decide customers might be willing to pay for, invariably they look at what it will take to make that business a success.
At a minimum they want to be able to sustain that endeavor and eventually turn a profit. Because of that, most businesses start out small, with owners putting their own time and money into the business. Assuming things go well, at some point the entrepreneur decides they would like to grow, to become bigger and to ideally make more money. A big part of growing most businesses is adding people, particularly at the beginning. This is where President Obama and the Democrats simply loose all connection with reality.
They suggest that government regulation does nothing but protect consumers, make businessmen more honest and generally make society a better place and has no detrimental effect on business decisions. This view is as absurd as their view on taxes. They look at the world of taxes as a static environment. They say that if a 25% tax rate on X raised $4 billion this year, then by raising the rate to 50% next year the government will take in $8 billion. For them taxes operate in a vacuum. They never seem to appreciate the fact that taxpayers have choices and that they respond to incentives. Like Maryland, New York and New Jersey discovered over the last few years, raise taxes and tax payers decide to take their marbles and go play somewhere else.
Obama and the Democrats look at regulation the same way. They assume that jobs too exist in a vacuum and that regardless of what regulations they impose, jobs will eventually return.
(Excerpt) Read more at floppingaces.net...
Liberals and their collective psychotic reality need to be removed from public view.
Most companies don’t lay people off right before Christmas.
OK. How are the unemployment stats compiled? Any ECON 101 student can tell you. Those who are discouraged and drop out of the job market are not counted. Sorta like not accounting for the increase in cost for medical insurance premiums and the increase in the price of gasoline for us plebeians.
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