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Altruism is Obama's new jobs plan | detnews.com | The Detroit News
Yes. Businesses should just go hire people because Obama told them to. Great jobs policy Barry.Speaking this week to the U.S. Chamber of Commerce, the president assured the nation's business leaders that he "gets it," that he understands the pressure cooker they've lived in during this deep recession and snail's pace recovery.
And then he made a strange plea for a guy who "gets it." He asked them to stop knocking themselves out to keep their enterprises afloat and just go out and hire someone.
They aren't the only one who think that.Invoking JFK, the president urged executives to "ask yourself what you can do for America." His ask: Take the $2 trillion sitting on their sidelines and add workers to their payrolls.
The response was described as polite, which is a nice way of saying they thought him clueless.
Self-explanitory passage.You don't need an MBA to know business doesn't work that way. Companies that add workers ahead of demand are soon out of business.
And investors don't invest in an economy still vulnerable to the whims of a president who can't tell pro-business policies from anti-business ones.
The Obama presidency in a nutshell....Obama could reverse policies that are choking off domestic oil production and contributing to rising energy costs. The nervousness about oil prices is detrimental to investment.
He could admit that Obamacare was rushed through without regard to the higher costs for employers. When the government makes every employee added to the payroll more expensive, the result is fewer hires.
The president could also stop stubbornly defending his financial regulations and listen to complaints that they make it all but impossible for banks to lend to small businesses.
He could roll back spending to calm fears that exploding deficits will send the economy tumbling again.
And he could get over his obsession with raising taxes on high-income earners to provide craved-for certainty in the tax code.
But instead, he reveals he doesn't get it at all by assuming businessmen can do what politicians do — spend money they don't have on things they don't need without worrying about paying the bill.