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From The Economist: Mr Obama, as noted above, likes to insinuate that there is a conflict between pursuing profits and creating jobs. In the long run, however, in a competitive economy, that is nonsense. Only profitable firms can sustain any jobs, and the more profitable they are, the more money they have to invest in new ventures with new workers. Mr Obama is guilty not of rhetorical excess but of economic muddle. That is far more worrying. I've said from beginning when Obama showed up on the stage that he knew nothing about business or the economy. A person without experience or understanding in that area should have no place at the helm of our government. But people weren't paying attention as they should have been, and the media didn't work very hard to inform them.But we have a chance to correct this in November. |
by Brett Rogers, 6/2/2012 12:01:50 PM
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