OBAMA: Back to business basics

Several weeks ago Obama addressed a group of business people concerning the lack of job growth in the private sector.  In essence he said  …  the reason businesses are not hiring is because the greedy bankers won’t loan them capital so that they can hire new workers. 

Note: Business 101 states: Any business  that is suffering from lost revenues and is struggling to maintain their existing employees payroll should certainly not be going to the bank to borrow money to hire more employees. Duh! Is Obama ignorant? Delusional…. Or just plain stupid?

I actually think he believes this nonsense. He is demonstrating this philosophy now. Obama’s business (gov’t) is suffering from lost revenues (taxes). So he goes to the bank (Treasury) and borrows money to maintain his existing employees (government workers) and, AND hires about 60,000 new ones. Voila. He has saved and created a bunch of jobs. Obamanomics 101.  Now I’m waiting for the next ‘Jobs Stimulus’ to include printing presses for businesses so that they can ‘save and create’ more jobs for themselves. Brilliant!

S.W. REID

Coeur d’Alene