Some thoughts on obama's jobs summit and the economy
Posted: Sat Dec 05, 2009 4:35 pm
This is in response to a post in Baen books' Baen's Bar forum. We top post in the bar so the post I am responding to is on the bottom:
I have been reading up on the Great Depression lately and one of the most consistent reasons that business stayed out fo the market was well, inconsistency. In order to want to hire people business needs to be able to plan how the market and business is going to operate. In the '30's Hoover's and FDR's programs kept messing up any attempt to have a business plan. Now we have Pelosi, Reid and Obama combining to raise the government to new heights of taxation and incompetency. Would you expand your business in this environment?
The substitute for Rush suggested today that Obama needs to get some old Dems that know how to run things. The problem that I see is that that kind of Dem has been run out of the party a long time ago. The Dem executive pool is limited to Clinton retreads, which hardly would inspire confidence in their massive executive ability during in a crisis. The fact is that we have had the same class of people in both parties running things for too long.
The problem as I see it is that both parties have been relying on the Ivy Covered Snob Factory talent pool since the beginning of the last century. At the turn of the last century business, Wall street and government all turned to the Ivy league for talent that was more professional, more scientific, to replace old school entrepreneur. This worked well in the beginning. But there was a big problem. This approach credited credentials and training over experience. It was assumed that if you graduated from one of the ivy Covered Snob Factories that you didn't need to have experience to be in charge. this has been very costly for us.
More and the wealth and ideas they come up with involve rent seeking of one kind or another. Ergo Al Gore and climate change. They take our money because they are entitled to it because they, in light of having a sheet of paper form the "right" Places are naturally better than us. The problem is that the money for rents has run out. the tax wells are all dry and without tyranny they are not gong to get any more. But there is no limit to their greed.
Big business, Wall Street and government have become too inbred. Genereation after generation of the same kind of thinking has left it's mark. This talent pool all went to the same schools and has the same outlook, good or bad. Increasingly new ideas are not coming from the old ivy covered halls of establishment. That is why the nominally conservative Chris Buckley could vote for Obama over Mccain and Palin. There is a desperate need for new blood in government that is willing to take on the oncoming train wreck and deal with it.
The current government isn't listening:
http://www.investors.com/NewsAndAnalysi ... ?id=514131
http://www.americanthinker.com/2009/12/ ... uce_j.html
http://www.investors.com/NewsAndAnalysi ... ?id=514109
http://blog.heritage.org/2009/12/03/why ... lus-fails/
The problem is that better ideas from people disconnected from reality did not save us during the Depression and the same kind of thinking will not save us now. the irony is that the US is producing a ton of world shaking new technologies and ideas right now that would real breakouts if the the government and establishment would just get out of the way instead of sucking more and more rents from the economy.
On Thu, 03 Dec 2009 18:41:24 GMT johnraines wrote:
I was listening to the speech President Obama gave today and maybe I'm wrong but it seemed to me he said the reason umemployment is so high is because:
1. employers have not hired people
2. employers are trying to keep all the profit from the business they can
3. employers have found ways to get more productivity from workers and thus don't want to hire more people (see 1 & 2)
4. employers are trying to make him look bad even though the government has tried offering rewards for hiring people
I'm sure the speech will be carried on tv tonight so you can listen for yourself. Anyway these are just my impressions and I don't know if anyone else will see it the same or not.
I have been reading up on the Great Depression lately and one of the most consistent reasons that business stayed out fo the market was well, inconsistency. In order to want to hire people business needs to be able to plan how the market and business is going to operate. In the '30's Hoover's and FDR's programs kept messing up any attempt to have a business plan. Now we have Pelosi, Reid and Obama combining to raise the government to new heights of taxation and incompetency. Would you expand your business in this environment?
The substitute for Rush suggested today that Obama needs to get some old Dems that know how to run things. The problem that I see is that that kind of Dem has been run out of the party a long time ago. The Dem executive pool is limited to Clinton retreads, which hardly would inspire confidence in their massive executive ability during in a crisis. The fact is that we have had the same class of people in both parties running things for too long.
The problem as I see it is that both parties have been relying on the Ivy Covered Snob Factory talent pool since the beginning of the last century. At the turn of the last century business, Wall street and government all turned to the Ivy league for talent that was more professional, more scientific, to replace old school entrepreneur. This worked well in the beginning. But there was a big problem. This approach credited credentials and training over experience. It was assumed that if you graduated from one of the ivy Covered Snob Factories that you didn't need to have experience to be in charge. this has been very costly for us.
More and the wealth and ideas they come up with involve rent seeking of one kind or another. Ergo Al Gore and climate change. They take our money because they are entitled to it because they, in light of having a sheet of paper form the "right" Places are naturally better than us. The problem is that the money for rents has run out. the tax wells are all dry and without tyranny they are not gong to get any more. But there is no limit to their greed.
Big business, Wall Street and government have become too inbred. Genereation after generation of the same kind of thinking has left it's mark. This talent pool all went to the same schools and has the same outlook, good or bad. Increasingly new ideas are not coming from the old ivy covered halls of establishment. That is why the nominally conservative Chris Buckley could vote for Obama over Mccain and Palin. There is a desperate need for new blood in government that is willing to take on the oncoming train wreck and deal with it.
The current government isn't listening:
http://www.investors.com/NewsAndAnalysi ... ?id=514131
http://www.americanthinker.com/2009/12/ ... uce_j.html
http://www.investors.com/NewsAndAnalysi ... ?id=514109
http://blog.heritage.org/2009/12/03/why ... lus-fails/
The problem is that better ideas from people disconnected from reality did not save us during the Depression and the same kind of thinking will not save us now. the irony is that the US is producing a ton of world shaking new technologies and ideas right now that would real breakouts if the the government and establishment would just get out of the way instead of sucking more and more rents from the economy.
On Thu, 03 Dec 2009 18:41:24 GMT johnraines wrote:
I was listening to the speech President Obama gave today and maybe I'm wrong but it seemed to me he said the reason umemployment is so high is because:
1. employers have not hired people
2. employers are trying to keep all the profit from the business they can
3. employers have found ways to get more productivity from workers and thus don't want to hire more people (see 1 & 2)
4. employers are trying to make him look bad even though the government has tried offering rewards for hiring people
I'm sure the speech will be carried on tv tonight so you can listen for yourself. Anyway these are just my impressions and I don't know if anyone else will see it the same or not.