Today President Obama said, “The economic growth that we’ve seen has not yet lead to the job growth that we desperately need.” How can you have economic growth without job growth? Only a politician or economist would say this. The reality and truth is that government spending and taxes only hurt job growth and drive all the good private sector jobs outside of the US. I currently live and work in Chile. My standard of living is higher here. I have one of those outsourced jobs that used to be located in the US. Sure I make less money, but I pay less taxes and the cost of living is much lower. My net is actually higher. When will koolaid drinkers start figuring out that the bigger and more involved government becomes, the more jobs are created for bureaucrats and government workers who produce nothing that you or I consume. This in turn drives up the cost of manufacturing and building things because the private sector has the pay for the largesse of the public sector. Take a look at government worker benefits. Retirement after 20 years. Secure jobs. Do you see that anywhere in the private sector? No, but the private sector has to pay for it. The only way that businesses can do business is by outsourcing jobs. The koolaid is strong folks among the true believers in Obama.
Archive for the ‘Common sense’ Category
Only a politician would say this
Thursday, November 12th, 2009Gospel of Irrationality
Wednesday, November 11th, 2009I recently read a phrase that will stick with me for a long time. Ludwig von Mises spoke about the gospel of irrationality. I think we live in the time of irrationality where people, for reasons that are not easily explained, believe in things that just don’t make any sense. If you believe the government can run things better than private individuals, that is irrational. Just take a look at Cuba, North Korea, Vietnam, China, and the former Soviet Union. Are these countries that prospered? Of course not. They are countries that suffer or suffered from chronic shortages of goods and services. They were decades behind other freer countries. What is the one thing they held in common? They were run by strong central governments who planned their economies. The government ran everything. Individuals had very little say in their lives. The gospel of raionality says that it only makes sense to think that government does things better than individuals. I found a recent articles that exposes a little of this irrationality. There might be people that believe the government does things better, but it isn’t rational. I choose to not believe in the gospel of irrationality.
Read the article here.