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Economy: Our next stop, the twilight zone

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 “Government, government, government. Government does not create jobs. It\’s very simple how you create jobs. An entrepreneur takes a risk.”       Linda McMahon

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Friday, October 8, 2010, 2:09 PM EDT,  2:09 PM EDT from James Best

Economists and entrepreneurs deal with reality—and from what I’ve been reading lately, quite different realities. I’m too simple to grasp parallel universes, so I’ve got to pick one to believe. Do I trust an economist that has studied job creation, or the entrepreneur that has met a payroll?  

I should tell you, I’m prejudiced. I was trained in economics, but I made a living as an entrepreneur and by advising entrepreneurs. I have to go with the entrepreneurs. When economists are wrong, they do the two-step and muddle up their previous pronouncements. When entrepreneurs are wrong, they hire bankruptcy attorneys.

What are economists saying? On October 7th, the Wall Street Journal reported that some Federal Reserve officials want to “lift inflation,” that is force real interest rates negative (interest minus inflation), so that businesses and people will stop saving and start spending. Government spending hasn’t done the trick, so they want us all to spend like there’s no tomorrow. I presume these officials are the same economists and bankers that told the government that a near-trillion dollar stimulus was faint-hearted. Only someone tenured or ensconced in a cushy government job would think that piling on even more spending makes sense.

But that’s not all. These wizards are also telling the government to ramp up the taxes on anyone that still has money, heap massive regulations onto business, and take away the brass ring. Oh, and by the way, don’t worry about small business because we’ll give banks some earmarked money to lend to these poor creatures. (I’m sorry, but I don’t believe small businesses are not hiring because they haven’t been able to increase their debt load.) More

An Ode to Entrepreneurs:Middle-class? Long Gone!

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J. Speer-Williams  (c)copyright 2010 All Rights Reserved

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Like swans of legend, American entrepreneurs sing their final, beautiful song before they just fade away.

When everyone who is employed works for the state or federal government, we’ll all likely be as impoverished as the citizens of the old Soviet Union. Remember the Soviets standing in long lines, with falling snow, to buy what they could from a dwindling short supply of consumer goods, goods they could barely afford, like two left boots, both of the wrong sizes?

Having too many people working for the government is the antithesis of prosperity. And it’s estimated that for every “green” job the government creates, they’ll eliminate 2.2 jobs from the real world of private enterprise, at a cost of about $700,000.00 a piece.

Government employees seem to concentrate on negatives: They stop people, impoverish people, tax people, poison people, imprison people, kill people, torture people, or bomb civilizations into rubble. Governments create little of a positive nature, least of all their governmental programs.

Sophists-historians-academics say, without government programs there would never have been an American middle-class. How wrong can people be? Well, these fellows push the limits, when they repeat the doctrines so widely promulgated by America’s academic class. They are  the living embodiments of how a people can be very insightful and yet so blind at the same time.

It was not government or large corporations, but the American entrepreneur who built our middle-class, in spite of governmental programs. At last, however, the federal government eliminated America’s small businessmen, while rewarding the oligarchs of the Banking Cartel. And there went our middle-class, too burdened were they with  governmental programs, taxes, laws, and regulations. More

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