“Don’t let anybody tell you that it’s corporations and businesses that create jobs,” Mrs. Clinton said on Friday in Boston. “You know that old theory, trickle-down economics. That has been tried, that has failed. It has failed rather spectacularly. One of the things my husband says when people say, ‘What did you bring to Washington?’ He says, ‘I brought arithmetic.’ ”
Governments are anathema to the economy in capitalist countries. Governments impede business growth through their taxes and limitless regulations. The US government was growing leading to the financial crash of 2008. At the same time, business activities are declining. Do these statistics speak volumes relating to governments vs free enterprise in creating jobs?
The first thing a person gets up in the day and turns on the tap, light and gas, a chain reaction of business transactions are initiated. The water comes from businesses that make water runs from the tap. Plumbers, reservoir technicians and maintenance crew make sure that water flows and is clean.
The minute he hops into his car, thousands of businesses are working in tandem to allow the car to move. The gas stations, the mechanics, insurance companies, ….. myriad small and big businesses are involved. Just purchasing a car can only happen because thousands of technology and manufacturing businesses work together in an intricate matrix of design, production and delivery. His next stop at the cafe creates jobs for coffee growers, wheat farmers, truckers and, and … there are too many to name.
Where is the government in all these? To their credit, they may have constructed infrastructure like roads and dams. But where does the money come from? In today’s economics, perhaps what Hillary is alluding to is this – all the government needs is to print money. But in good old economic theory, governments are funded largely by taxes and sale of state assets. The government does not create a vibrant economy in the true sense. The whole economy is supported by people who do businesses and produce real goods and services.
What is this aspiring president of the USA thinking. The only reason she could say that businesses do not create jobs is either of her absolute ignorance or utter foolishness. Either case, if her presidential aspiration is realised, the citizens of America are either too stupid or have already succumbed to a hypnotic spell cast by the Federal Reserve’s New Age Economic Theory. QE, aka money printing, is the sole basis for economic activity. The more money you print, the more people will spend and hence create a vibrant economy.
And one more thing to remind Hillary. Bill Clinton said he did not lie. Bill brought arithmetic to the White House so that Hillary can learn how to count. Has Hillary counted how many times Bill had sex with Lewinsky? Oops, zero.
2 Thessalonians 3:10
For even when we were with you, this we commanded you, that if any would not work, neither should he eat.