Liberals and Job Creation—Part 86

https://grantcoulson.files.wordpress.com/2014/04/incentiveseverywherepicturecorrect1.jpg?w=444&h=288

   Do not think about, write about or deal with  human behavior without determining the effects of incentives.

    Wherein we see that one of the leading politicians uses a language composed of English words bereft of substance and meaning.

     Friday at a campaign rally for Massachusetts Democratic gubernatorial candidate Martha Coakley, the former secretary of state (Hillary Clinton) told the crowd, "Don’t let anybody tell you that it’s corporations and businesses that create jobs," going on to say trickle-down economics "has failed rather spectacularly."

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      Anything that doesn’t involve “government help,” according to liberals, fails spectactularly.

On Monday at a campaign event for New York Rep. Sean Maloney, a former aide to President Bill Clinton, Clinton went for a do-over, saying, "Let me be absolutely clear about what I’ve been saying for a couple of decades: Our economy grows when businesses and entrepreneurs create good-paying jobs here in an America where workers and families are empowered to build from the bottom up and the middle out — not when we hand out tax breaks for corporations that outsource jobs or stash their profits overseas."

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     Again, people must be empowered by the state to do anything. The importance these people think they have is inversely proportional to the importance they really have.

Another Edition of “I Can’t Believe Hillary Clinton Actually Said That”
Daniel J. Mitchell

I wouldn’t be too upset about Hillary Clinton winning the White House in 2016, but only if I somehow could be assured that we would get the kind of policies we got when her husband was President.

After all, economic freedom increased during the 1990s, largely because of a smaller burden of government spending and less intervention.

Unfortunately, I suspect Hillary isn’t a “Clinton Democrat.”

Indeed, it’s worth noting that she was a doctrinaire statist when she was in the Senate. Here’s what the National Taxpayers Union revealed about her performance in her last year in office.

    Sen. Hillary Clinton…received a score of 4 percent and the title of “Big Spender” in 2008 — a slight increase from her 2007 rating of 3 percent.

The good news, if you have the ability to detect very small silver linings, is that her score did increase in her final year.

And it doesn’t appear that she’s learned anything since she left the Senate. Consider some of the bizarre statements she has made in the past few years.

    Mrs. Clinton said we can’t end the War on Drugs because “there is just too much money in it,” apparently oblivious to the fact that high profits for the cartels only exist because of criminalization.

    In 2010, while speaking in Latin America, she asserted that, “the wealthy across the Americas to pay their ‘fair share’ of taxes in order to eliminate poverty and promote economic opportunity for all.”

    While testifying before Congress, she repeated her argument that more revenue improves economic development, claiming that, “well-off Pakistani’s do not pay their fair share for the services that are needed.”

    And showing that her understanding of geography is just as weak as her understanding of public finance economics, Hillary claimed, “Brazil has the highest tax-to-GDP rate in the Western Hemisphere and guess what — they’re growing like crazy.”

    Mrs. Clinton even asserted that, “rich people…do not contribute to their growth of their own countries.”

    And she bragged about paying above-average taxes, apparently thinking that the inability to manage her personal finances makes her an attractive choice to control the nation’s finances.

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Wow. I’m not even sure what to say, other than I wish somebody would ask her where jobs do come from, the Tooth Fairy? Santa Claus?

I’m pretty sure, if pressed, she would use the same argument as her potential 2016 rival, Elizabeth Warren, and claim that government enables all the jobs by providing infrastructure and other public goods.

But there are roads and police in places such as Cuba and North Korea, yet we don’t see jobs there.

Or, to use more reasonable examples, France, Italy, and Greece have lots of roads and cops, yet all of those countries have very weak labor markets.

Maybe, just maybe, you also need some breathing room for private enterprise if you want robust job creation.

An editorial in the Washington Examiner correctly observed that Hillary Clinton’s comments demonstrate ignorance of basic economic principles.


    …the private sector accounts for 84 percent of American jobs. But one must remember that the private sector also accounts for 100 percent of the wealth America creates. Meanwhile, government is funded exclusively through various taxes on private production and accumulation of this wealth — and that includes any taxes that fall upon the portion of privately created wealth that government collects and then uses to pay its own employees. This insight should be brought to Clinton’s attention, because Americans cannot afford to have one of their two major political parties reject basic economic principles.

I also like that the editorial explains that even public goods wouldn’t be possible if the private sector wasn’t creating the wealth to finance them.

P.S. Yes, I realize that many of the good policies America enjoyed in the 1990s were driven by Congress. I’m not saying the Bill Clinton deserves credit for those policies. Instead, I am merely pointing out that they were implemented during his presidency.

<snip>

    Hillary’s statements are based on the assumption that only government activity is important activity.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “Days of Songs and Mirrors: A Jacobite in the ‘45.”
Cui Bono–Cherchez les Contingencies

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