President Obama's Jobs Delusion

Kerem Oner
Yesterday, the President, staying in character, made an outrageous statement about Mitt Romney: 

"When some people question why I would challenge his Bain record, the point I've made there in the past is, if you're a head of a large private equity firm or hedge fund, your job is to make money. It's not to create jobs. It's not even to create a successful business - it's to make sure that you're maximizing returns for your investor. Now that's appropriate. That's part of the American way. That's part of the system. But that doesn't necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced."

Once again, the President demonstrated amply that he is like a fish out of water when it comes to economic affairs.  The community-organizer-in-chief obviously thinks that 'making money' and 'creating jobs' are two unrelated matters.  What better demonstration that he is a class warring Marxist ideologue?!

Mr. President, no business undertakes any activity that is not solely based on the feasibility and profitability of that activity over a given horizon.  Jobs are created as a byproduct only -- not as the central goal of the business activity.  Food stamps do not create jobs -- they only inhibit the initiative necessary for the recipients to take meaningful action.  I understand that it is extremely hard, if not impossible, for you to grasp this reality, but this will not change any more than anything else in nature no matter what your ilk thinks.

This is exactly the reason businesses are not expanding or investing.  Poll after poll, NFIB, NAM, and Chamber of Commerce member businesses are saying the same: 'as long as the uncertainty and costs imposed by Obamacare, burdensome environmental and labor regulations, and the fiscal cliff remain, they are not willing to gamble'.  Why is it that this message does not get through your thick skull?  I'll tell you why, Mr. President.  You certainly are smart enough to get the message (as any 10 year old would) but your goal is not to see us pull out of this malaise; it is to destroy this system as you plainly stated in 2008.

Your game plan is simple: destroy the remnants of the free market system while wilfully demolishing the U.S. Constitution.  Destroying federalism, the Separation of Powers, challenging states on laws designed to defend their sovereignty and the integrity of their borders and elections, assaulting one sector after another (whether it is the financial services, insurance, oil, or whichever is the targeted sector of the moment), assaulting traditional culture, dumping tens of millions of unfortunate Americans on the welfare system whose Clinton era reforms you have undone, cozying up to our enemies while undermining our national interests elsewhere,......whatever; all your actions are designed carefully with that singular goal.

We are wise to you, Mr. President, and doing the best that we can to inform the uninformed masses so that you cannot carry on with your assault on our freedoms.  Failure is not an option because we are the sole shining city on top of the hill that must be defended if, not only Americans but, people around the globe have any prayer of existing as free beings.

Kerem Oner blogs at www.defendourconstitution.blogspot.com

Yesterday, the President, staying in character, made an outrageous statement about Mitt Romney: 

"When some people question why I would challenge his Bain record, the point I've made there in the past is, if you're a head of a large private equity firm or hedge fund, your job is to make money. It's not to create jobs. It's not even to create a successful business - it's to make sure that you're maximizing returns for your investor. Now that's appropriate. That's part of the American way. That's part of the system. But that doesn't necessarily make you qualified to think about the economy as a whole, because as president, my job is to think about the workers. My job is to think about communities, where jobs have been outsourced."

Once again, the President demonstrated amply that he is like a fish out of water when it comes to economic affairs.  The community-organizer-in-chief obviously thinks that 'making money' and 'creating jobs' are two unrelated matters.  What better demonstration that he is a class warring Marxist ideologue?!

Mr. President, no business undertakes any activity that is not solely based on the feasibility and profitability of that activity over a given horizon.  Jobs are created as a byproduct only -- not as the central goal of the business activity.  Food stamps do not create jobs -- they only inhibit the initiative necessary for the recipients to take meaningful action.  I understand that it is extremely hard, if not impossible, for you to grasp this reality, but this will not change any more than anything else in nature no matter what your ilk thinks.

This is exactly the reason businesses are not expanding or investing.  Poll after poll, NFIB, NAM, and Chamber of Commerce member businesses are saying the same: 'as long as the uncertainty and costs imposed by Obamacare, burdensome environmental and labor regulations, and the fiscal cliff remain, they are not willing to gamble'.  Why is it that this message does not get through your thick skull?  I'll tell you why, Mr. President.  You certainly are smart enough to get the message (as any 10 year old would) but your goal is not to see us pull out of this malaise; it is to destroy this system as you plainly stated in 2008.

Your game plan is simple: destroy the remnants of the free market system while wilfully demolishing the U.S. Constitution.  Destroying federalism, the Separation of Powers, challenging states on laws designed to defend their sovereignty and the integrity of their borders and elections, assaulting one sector after another (whether it is the financial services, insurance, oil, or whichever is the targeted sector of the moment), assaulting traditional culture, dumping tens of millions of unfortunate Americans on the welfare system whose Clinton era reforms you have undone, cozying up to our enemies while undermining our national interests elsewhere,......whatever; all your actions are designed carefully with that singular goal.

We are wise to you, Mr. President, and doing the best that we can to inform the uninformed masses so that you cannot carry on with your assault on our freedoms.  Failure is not an option because we are the sole shining city on top of the hill that must be defended if, not only Americans but, people around the globe have any prayer of existing as free beings.

Kerem Oner blogs at www.defendourconstitution.blogspot.com