You Evil, Evil Businesses
Posted on : 03-12-2009 | By : Jim Lynch | In : Economics, President Obama
Tags: Business, Economics, Jobs, President Obama
1
Listing to Rush while I’m at lunch. He played a clip of President Obama that is just astounding in it’s cluelessness. I will find the actual quote as soon as possible, but here is my take.
The president placed the blame for joblessness on business, ignoring the role government plays. His basic premise is that businesses are interested in making a profit at the expense of creating jobs. Really? The purpose of a business is to give people jobs? He. Doesn’t. Have. A. Clue.
UPDATE: Here’s the actual quotes from the White House web site.
But despite the progress we’ve made, many businesses are still skittish about hiring. Some are still digging themselves out of the losses they incurred over the past year. Many have figured out how to squeeze more productivity out of fewer workers, and that cost-cutting has become embedded in their operations and in their culture. That may result in good profits, but it’s not translating into hiring. And so that’s the question that we have to ask ourselves today: How do we get businesses to start hiring again? How do we get ourselves to the point where more people are working, and more people are spending, and you start seeing a virtuous cycle and the recovery starts to feed on itself?
I’m not an economist nor a business owner, but from what I observe, the answer to how do we businesses to start hiring again is get government out of the way.
Now.
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