I just heard Obama give a speech last night (perhaps a replay from the night before) in which he claimed his now about $900 billion "stimulus" bill would create or save 3 million jobs. This means the cost per job has gone up to $300,000 per job. I would bet that many private industry jobs will be lost because the income per job is falling $20,000 short or less from what the employer needs to realize in order to keep the job in existence. This means that taking money away from these employers to put into the stimulus package for others, may kill as many as $300,000/$20,000 jobs. This is 15 jobs lost in order for the government to save or create 1 job!
Incredibly disgusting! It does not get more idiocentric than this. Once again I am befuddled with respect to figuring out how much stupidity versus how much ruthless power mongering rules the minds of our Washington politicians.
Showing posts with label job losses. Show all posts
Showing posts with label job losses. Show all posts
06 February 2009
12 December 2008
C. Edmund Wright - Blame me for job losses
The fascist left always assumes that private patsies will create jobs which they will be able to claim that they, the politicians, created. C. Edmund Wright points out in "Blame me for the job losses" that the massive loss of 533,000 jobs in November is evidence that small business owners are tiring of being patsies who cast pearls at the feet of the socialist swine politicians. The backbreaking taxes and regulations anticipated from an Illinois politician-run White House and a massively socialist Congress are having a very negative impact already on business. Small business owners, who actually are the ones who create most jobs, have stopped hiring and started firing employees. Some are simply going out of business. Wright is one of those going out of business. This is a well-written article. Go read it, please.
Be fearful, because many an Atlas is now shrugging the burden he has so long struggled to hold securely on his shoulders, while most Americans not only assumed that they have a right to a job, but that it is perfectly fine for them to kick Atlas, who creates the jobs, in the shins. If the world falls on the heads of the shin kickers, who do they have to blame but themselves?
Be fearful, because many an Atlas is now shrugging the burden he has so long struggled to hold securely on his shoulders, while most Americans not only assumed that they have a right to a job, but that it is perfectly fine for them to kick Atlas, who creates the jobs, in the shins. If the world falls on the heads of the shin kickers, who do they have to blame but themselves?
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