When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, May 25, 2012

Obama's Problem In A Nutshell

It's not often I come across an article with great insight, and yet is succinct-- I excerpt such an article below by Debra Saunders. It explains what Obama's problem really is and unfortunately, for him and the Democrats, the problem is systemic--not just policy and politics--but his entire worldview:

RealClearPolitics - Obama Thinks He's the Fairness Czar: "Cory Booker, mayor of Newark, N.J., came across as a moderate, sensible Democrat when he said on "Meet the Press" Sunday that negative political ads are "nauseating to the American public. . . . Booker, a Barack Obama surrogate, later tried to walk back his comments. . . . But there is no walking back from Booker's disapproval of the Obama campaign's attacks on Bain Capital . . . In the ad, laid-off steelworkers had some choice words for Romney. Like "vampire" and "job destroyer." The problem with such ads, Booker said Sunday, is that "we're getting to a ridiculous point in America." Pension funds, unions and others invest in companies like Bain Capital. Bain's record has been to grow businesses. To Booker, Bain Capital has been good for America. To Obamaland, Bain Capital has been bad for America. As a mayor, Booker said, he, too, has had to lay off workers "because it's the only way" his "government would survive." He added, "Call me a job cutter if you want." . . . Monday, a reporter asked Obama about Booker's remarks and the role of private equity. The president explained that the goal of private investment is to "maximize profits," whereas a president's job is to make sure that everyone has "a fair shot" and that everyone pays his or her "fair share" of taxes. That's the problem with Obama; he thinks he's the fairness czar. He didn't say that a president is supposed to create an environment that nurtures business success. . . . Obama's war is a war on private money. He thinks his job is to create job training programs, not create an environment that creates real jobs." 

The FOCUS (whether Obama knows it or not) needs to be on economic "growth" not "jobs"--real jobs in the non-government sector are the RESULT of GROWTH. This is what Obama doesn't get. Anyone in government can just create "government jobs" by spending money (of course government today has already spent all its money, hence deficit spending).  To create REAL JOBS--jobs sustainable in the private economy--government can only create an "environment" which encourages growth. Unfortunately, Obama hasn't a clue how to do that.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects