President Obama yesterday called for a “jobs summit” to try to figure out why his stimulus plan is such a spectacular failure. Even the funny math being used by the administration to prop up the jobs supposedly “saved or created” is not fooling even the Obama-loving mainstream media.
So yesterday he did what he’s good at: He blamed someone else for his failures. This time it was the American job-creating business community:
Small businesses and large firms are demanding more of their employees, their increasing their hours, and adding temporary workers — but these companies have not yet been willing to take the steps necessary to hire again.
And why would businesses have a reluctance to hire? Perhaps because the Obama economy is tanking and there is no money to invest in expansion. Anyone who had even run a corner lemonade stand would understand that. But not President Obama and his economic advisers.
They have not even a rudimentary understanding of incentives and disincentives. They don’t understand why a business owner doesn’t want to run out on a limb and borrow money to hire people when the Obama economic plan is based on envy and redistribution of wealth. Why create more wealth when it will just be taken away and given to deadbeats? It’s pretty simple for most of us.
UPDATE: Christina Romer, the head of President Obama’s Council of Economic Advisers, says the proposed Obama excise tax on health insurance policies is “something that is very much empowering consumers.” Yeah, I’ve always been impressed with the way taxes empower consumers. Haven’t you? Where did she get her degree in economics? Havana?
