Creating Jobs in the Booming Corporate Executive Sector

An industrial bonus

High ticket CEOs often complain those who object to their squeezing blood out of the nation turnip for their personal gain are simply jealous. I suppose that is true in many cases, but even if people are jealous it is understandable. It’s hard not to be jealous when the mortgage company is kicking your family to the curb – just as the CEO buys a multi-million dollar summer “cottage” in Aspen. But there are others, and I am one, who object on business grounds.

Much of the CEO’s “compensation” comes from companies that take the concept of corporations-as-people far past any original intent. Under the CEO’s direction, corporations reap record-breaking profits, even in recessions that crush those who buy their products or citizens that pay hefty taxes (which captains of industry caterwhal are breaking America’s back) to fund the profits through not insubstantial corporate welfare.

For all the talk about the value of small business, we could fund thousands of small businesses for years just on what a single multi-national gets in tax breaks in a single quarter. It’s a vicious cycle – multi-nationals take billions in taxes from just-plain-citizens to prop up corporate values to pay hefty dividends and fund expensive lobbying efforts to continue getting our money from the people who don’t live tax-free. In turn, CEOs get massive compensation to hire lawyers and accountants to make sure they get their money as tax-free as possible, and so on. This is not robbing Peter to pay Paul. This is robbing Peter and then complaining Paul wasn’t carrying enough cash for Paul to steal.

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Only Other People With Jobs Create Jobs

Sinking Your Teeth Into a Job

Here’s a dirty little secret: Rich people, Congress, corporations, and especially Presidents don’t create jobs. Other people with jobs create jobs.

The right knocks Obama for poor job creation, though Paul Ryan and others of his ilk tend to forget George the Missing’s was worse and they all played big parts in making it so. The knocks may even be deserved, who knows?

There is no way to count jobs accurately, especially given the many variables involved. At best, we only get a gross picture.We could do just about as well tracking the amount of lettuce sold at Safeway. But, we are spectacularly unable to know whether political policies are responsible.

If the number shows Obama created 20,000 jobs and HP carries through with its threat to lay off 20,000 people, is that a gain or loss? How do we know if world economic conditions caused the change, Obama slipped some policy successes past a uniformly useless Congress, or Meg Whitman simply got a wild hair up her ass?

If it were simply a matter of tax rates, or even spending, we wouldn’t have a problem. Corporations sat on record profits over the last 4 years, yet they haven’t been hiring robustly. They even got huge corporate welfare to sweeten the pot. The 1 percenters didn’t create jobs. They simply reinvested huge sums of money in companies already fat with cash and not hiring. Then, they reaped the benefits of even more money coming back to them – even though most can’t spend the money coming in. There are only so many 28-room summer cottages you need.

Congress is perhaps the least efficient job creator, though the loudest complainers. Bogged down in internecine warfare over everything, Congress doesn’t seem to do anything except blame each other, do everything in their power to create conditions to blame each other, and accept money from corporations and rich people with huge amounts of money to maintain the status quo.

Even if all these people, social classes, and institutions ignored their own self-interests and busted their asses to improve things, the world is an interconnected place these days – especially economically. Even if we pulled off an economic miracle the likes of which the world has never seen, but the rest of the world sits idle, there will be few jobs. That’s because, say it with me, “The only way to create jobs is other people with jobs.” The days of America pulling the world’s ass out of the multi-trillion dollar economic fire are over.

Obama did some successful and not so successful things, especially since he was dealing with an unprecedented problems. Economists disagree on the verdict and partisan politicians and a divided electorate are ready to lie and come to blows over it.

Romyan are a cipher at this point. They haven’t tried yet and the policies they advocate are either ghosty, untried, or impossible to attribute as successes or failures. The only sure thing is that whatever they do will cease being what they promise on Day 1. The world is a place of constant change and policy changes with it regardless of campaign promises.

There are legitimate arguments – plus an overwhelming number of illegitimate ones – for and against both candidates. The only sure outcome is that people will go back to work when they go back to work and there is little of substance anyone can control in that calculus. Mrs. Chicken, meet Mr. Egg.

…and that means this Labor Day is a monumental buzz kill.

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