And do it again,
… sooooo …. a public works project (bridge, dam, …) is equivalent in his eyes to …. a risk an entrepreneur takes? Seriously?
Erp …. its glaringly obvious whom does not have an understanding. The worker in the private sector, punches the clock BECAUSE somewhere, somewhen, the entrepreneur had the idea, took the risk, entirely upon themselves, and built something. The “public sector” is a cost, something to be kept as small as possible so as not to drive those paying the public sectors bills, into the poor house.
This is a deep, fundamental misunderstanding of economics. Someone really … REALLY … needs to explain this to the president.
But … it … gets … worse. Never mind her arguing a point pretty much moot … no slicing and dicing … playing loops of the speech showed the statement in context, and yes, it was, and is, devastating. No … thats not the issue.
She ( an operative of the president’s re-election team ) said this gem
Its pretty clear to me, and many many others … that one of the two contenders has an economic clue, and one does not.
I wonder if thats correlated with success in the private sector. Maybe in terms of rescuing failing companies and turning them around. Or picking investments by analyzing risk. Or ….
Or being a constitutional law lecturer and community organizer.
One of these two sets … one of them … might just provide a deep insight into how an economy and business works, how our economy works. The other one … not so much.
One should also point out that its the taxpaying citizens whom are funding the government. So that road or bridge or dam? That came FROM capital taken from someone who sweated for it. And entrepreneurs who did well pay more tax. As a result, if you look at how much tax is paid by those whom are better off, not only do they pay more tax, but they pay disproportionately more tax. Theres a great series at AEI on this.
So that road, or bridge, or dam? Chances are it was funded more by a successful entrepreneur than someone punching a clock.
But you haven’t heard many make that point. Because reminding people of differences to leverage for political gain is class warfare. It is ugly, it is wrong.
Everyone in this country has the opportunity to be an entrepreneur. All you need is a vision, the sweat on your brow, a stomach for risk. Anyone insisting otherwise is beclowning themselves. Repeated beclownings are painful to watch and embarrassing.