The guy who couldn’t run a lemonade stand without running it into a $5 million debt within hours is lecturing private business about their “responsibilities” again.
“Completely clueless” doesn’t even begin to cover it:
President Obama called on U.S. businesses to do more to help grow the economy, saying that while the unemployment rate is getting better and jobs are being added, the U.S. needs â€œto get there faster.â€
â€œBusinesses have a responsibility, too,â€ said Obama in his weekly address on Saturday. â€œIf we make America the best place to do business, businesses should make their mark in America. They should set up shop here, and hire our workers, and pay decent wages, and invest in the future of this nation. Thatâ€™s their obligation.â€
Wow. Trying to analyze those two paragraphs reminds me of what Donald von Wiedenman said before he tried to have sex with Mama Cass: “I’m not sure where to begin.”
The translation to Obama’s rallying cry to business is this: “You idiots better figure out a way to pay for all this irresponsible BS I’m shoving down your throats without laying people off and running up the unemployment rate or you’re in trouble!”
Does Obama actually believe businesses are “holding back” on hiring because they’re greedy and don’t want to spend money on labor? Not to put to fine a point on it, but jobs are created because those jobs create more wealth for the business ownership and stockholders than they cost. In other words, businesses hire because they’re greedy. Businesses that hire when they don’t need to will go out of business, and how the hell does that boost the economy? Ditto for businesses forced to pay artificially inflated wages demanded by many of Obama union buddies.
To the public-trough lifer, there’s no understanding the problems and challenges of private sector business. In government, if you want to hire, you just do it and go take the money to do so from somebody else. What’s the problem? Bill Clinton once best demonstrated this lack of ability to understand private-sector economics when he told Herman Cain, then CEO of Godfather’s Pizza, to “just raise your price” to cover additional taxes and regulations. Yes, economic brilliance at its finest.
Obama’s blaming private sector business for the sluggish economy when, if he wants to find somebody to fault, he could start by looking in a mirror — and we know he doesn’t mind doing that.
Bonus Saturday reading: Obama well knows what chaos he has unleashed