The White House Jobs Forum

President Obama has decided the unemployment situation is bad.  He has a point.  It’s now as bad as it was when Reagan fixed Carter’s mess.  So, he decided to have a get-together with minds that he thinks will fix the problem.  Now, in my relatively simple world, the best way to cure unemployment is to get them jobs.  The best way to get them jobs is to get private sector employers to hire them.  I’ll tell you why real quick, OK?  In this world you’ve two kinds of people, makers and takers.  Makers make the money, takers take the money.  In the business world, makers make the taxes, takers spend the taxes.  You want to fix the economy real quick?  Fire up the private sector so they can crank out more taxes.  Firing up the takers doesn’t help anything for very long.  When they run out of the makers’ money, they don’t hire people.  Simple, huh?  That’s why TARP hasn’t worked so far.

Now, so far, Obama’s list of people who are supposed to fix the unemployment problem is still incomplete, but looks something like this.  I’ve categorized them for everyone:

Makers
Eric Schmidt  Google
Randall Stevenson  AT&T
Surya Mohapatra  Qwest
Frederick Smith  Federal Express
Brian Roberts  Comcast
Bob Iger  Disney
James McNerney  Boeing
Andrew Livens  Dow
Peter Solmssen  Siemens
Stephanie Burns  Dow Corning
David Ickert  Air Tractor
Woody Hall  Diversapack
Rose Wang  Binary Group

Those are thirteen “makers”.  These are people who generate tax revenues.  Then there’s this list:

Takers
Phaedra Ellis Lamkins  Green for All
Reed Hundt  Coalition for the Green Bank
Larry Mishel  EPI
Alan Blinder  Princeton
Paul Krugman  Princeton
Joe Stiglitz  Columbia
Bob Greenstein  Center on Budget and Policy Priorities
Jeffrey Sachs  Columbia
Anna Burger  Change to Win
Leo Gerard  United Steel Workers
Joe Hansen  United Food and Commercial Workers
Randi Weingarten  AFT
Mayor Frank Cownie  Des Moines, IA
Mayor Julian Castro  San Antonio, TX
Mayor Ed Pawlowski  Allentown, PA

Those are fifteen “takers”.  Those are people who spend taxed revenues.

Anyone see a problem with this list?  Well, I do.  Now, suppose Woody Hall tells the group that if they lower corporate tax rates 2% he could hire 5,000 people.  Not much of a problem there.  What if Frederick Smith told that same group that reducing the demands of unions would allow him to hire 20,000 people?  Wanna guess how far that would get with this group?  What if Obama went around the table and asked each person what they needed to create jobs?  What exactly would Phaedra Ellis Lamkins suggest?  What exactly would Bob Greenstein say?  Anna Burger?  Yeah, right.  No one on the “Takers” list has ever created a job.  The only way they know how to create a job is to take money from those who generate the money.  Right now, the big problem is, those people have run out of money.

When criticized about the make-up of this list, the White House was quick to add there were 130 people attending.  They just don’t know who the other 102 are.  I’m gonna guess they have the same thing in common this 28 does.  I don’t think it’s any secret where union loyalties are.  I doubt there’s much of a secret where “green” loyalties are.  Obama wants everything green and paying union dues.  However,  the greedy private sector looks something like this:

Eric Schmidt Google $ 803,396.00
Randall Stevenson AT&T $ 264,411.00
Surya Mohapatra Qwest $ 35,618.00
Frederick Smith Federal Express $ 46,368.00
Brian Roberts Comcast $ 177,081.00
Bob Iger Disney $ 430,093.00
James McNerney Boeing $ 196,652.00
Andrew Livens Dow $ 17,980.00
Peter Solmssen Siemens $ 42,046.00
Stephanie Burns Dow Corning $ 1,950.00

No pay, no play.

This ain’t an economic forum, it’s a wine and dine fundraiser.

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Somewhat Possibly Related Posts

  • White House endorses Twitter, Facebook
  • 337k New Jobs
  • White House Blog and the mammography issue
  • Obama helping out fat cat bankers
  • Real Unemployment at all time high
  • recovery.org really sucks
  • The messed up White House Christmas tree
  • Recess appointments
  • David Weston on Media Bias
  • Karl Rove charges dropped
  • If you go carrying pictures of Chairman Mao
  • Terror at the White House Easter Egg Roll
  • Obama plugs socialism
  • Inheriting pork from the previous administration?
  • Obama’s gonna fix auto insurance too
  • Don’t look now……
  • Czar Van Jones
  • Higher Employment and Lower Unemployment a Bad Thing?
  • Obama’s domestic non-security spending freeze
  • Obama jobs initiative: Sallie Mae
  • NAVIGATION



    Performance Optimization WordPress Plugins by W3 EDGE