From TIME Magazine Online:
Out of the mouth of Babes! 🙂
Hey Janet, time for a bit more Sexual Molestation. Go for the Full MONTY!
If an 8 year old can figure it out then surely you can. 🙂
On those rare occasions when it’s not demonizing businesses as bastions of corporate greed, the White House and all its supporting players spend their time pondering why U.S. businesses, with mountains of cash, won’t use at least some of it to hire workers. A mere 900,000 jobs were created in 2010, while U.S. companies sat on $1.1 trillion in cash.
Last week, President Obama went so far as to meet with 20 CEOs for several hours over this, “asking the attendees to dialogue with him on a shared agenda focused on moving our economy forward,” according to a White House statement.
We don’t have any inside lines as to what was said, but news is trickling out the Obama administration is starting to think about doing something big to end the jobs drought in the U.S.
The something big would be to lower the U.S. corporate tax, which at 35%, stands as the second-highest in the developed world. President Obama only told NPR that he discussed “simplifying the system, hopefully lowering rates, broadening the base.”
If so, and if there are no accompanying sleights of hand to extract cash from businesses some other way, as some reports have it, it’s good news. Nothing inhibits the creation of U.S. jobs quite like high corporate taxes and their accompanying regulatory regime.
The fact is, companies sitting on cash aren’t doing nothing. They’re hiring overseas, creating 1.4 million jobs in 2010 alone, according to the Competitive Enterprise Institute.
That’s not because they prefer foreigners to Americans, but because the bad business climate here pushes them to do so.
High Corporate Taxes. ObamaCare. Financial Regulations to choke you to death.And Unions who want to destroy you rather than work with you.
Yeah, sign me up.
The rest of the world is a vastly different place from Obama’s U.S., which is characterized by high taxes and protectionist set-asides for politically connected unions that shut out free trade.
In places like Indonesia, Singapore, Taiwan, India and Thailand, nobody demonizes business or blasts trade. Instead great efforts are made by the state and the private sector to draw in foreign investment by becoming more competitive than their rivals.
U.S. multinationals go to these places not because labor is cheap but because these policies also create boomtowns with lots of customers. Incredibly enough, sometimes overseas profits and jobs provide a lifeline for troubled U.S. companies back home. Take GM — today, its Brazil and Korea operations help keep it afloat.
Growth in the 8% to 9% range is typical in Asia. But even in other pro-business areas — like the city of Lyon, France, or the manufacturing mecca of Tijuana, Mexico — governments are going out of their way to attract U.S. investment.
In Tijuana’s case, they’ve succeeding despite an ugly drug war.
While high-tax, high-bureaucrat suburbs around Los Angeles draw investment from hot sauce factories and hire unskilled workers, Mexico is drawing aerospace manufacturers and hiring engineers. Colombia, Chile, Brazil, Qatar and even the Republic of Congo are pulling them in, too.
Why? So long as profits are encouraged instead of taxed, the natural outcome is jobs. It’s that simple. They get it. Why don’t we?
Salon magazine noted that as companies shift their hiring overseas, the 1.4 million jobs created there could have, if they were created here, lowered the unemployment rate to 8.9% from 9.8%.
It’s not for nothing that the rescuers of Chile’s trapped miners this year knew the names of all the specialized American manufacturers to call for help. These companies had already been working in Chile because the government made it worth it to do so.
If small, remote countries like Chile can create opportunities for U.S. companies to invest and and hire workers, why can’t we? (IBD)
Because liberals heart-and-soul need for class warfare overrides reason and intellect so they go for the “rich” and for the “greedy” businessman and then wonder why they aren’t just rolling over and playing kissy-kissy with them back.
But there are rumors that Obama may lower the Corporate Tax (the 2nd highest in the world) to stimulate jobs because he is now running for re-election.
But I’m sure the the Left will have a major coronary and hissy-fit if he does. So it will probably be loaded down with Agenda Pork and go nowhere if he even has the guts to propose it.
But the Class Warfare of Business vs “worker” is at the heart of Liberalism so they can’t just forgive one of their fundamental beliefs and fundamental political strategies.
Nothing is easier for politicians than to play Santa Claus by promising benefits without mentioning the costs — or lying about the costs and leaving it to future governments to figure out what to do when the money runs out.
Or demonizing business then simultaneously turning around two-faced and demonize them for not wanting to do business with them.
It’s all politics. And it’s all for the benefit of the politicians and their “base”.
No one else.
Liberals never tire of discussing their own generosity, particularly when demanding that the government take your money by force to fund shiftless government employees overseeing counterproductive government programs.
They seem to have replaced “God” with “Government” in scriptural phrases such as “love the Lord your God with all your heart, and with all your soul, and with all your mind.” (Matthew 22:37)–Ann Coulter
And Business, to Liberals, is the snake in the Garden of Eden, tempting you to ruin with the Apple of Capitalism!
You must Resist the Temptation! 🙂