Jobs Leave America While Obama Dithers in Washington

Obama - does this man know how people make a buck...how money is made? Does he think it drops from the skies by the good graces of God? Does he think that because he is President of the once greatest country in history people will just go on making money while he does all he can to thwart those efforts?

While only 900,000 jobs were created in 2010, U.S. companies sat on $1.1 trillion in cash. Why? The reason is that the business climate in the United States is anti-business and add to that the fact that we have a President in the White House who either does not understand about "business climate", or is downright anti-business then you have the ingredients for a NO GROWTH economy. Take your pick - it doesn't matter because business owners are not going to waste their dollars creating jobs if there is no gain to be had. Would you? So they are going to foreign lands where the lessons of lower taxes and regulations have been learned. Kudos for them. When will Washington get out of our way and leave us to the business of business?

…The fact is, companies sitting on cash aren't doing nothing. They're hiring overseas, creating 1.4 million jobs in 2010 alone, according to the Competitive Enterprise Institute.

That's not because they prefer foreigners to Americans, but because the bad business climate here pushes them to do so.

The rest of the world is a vastly different place from Obama's U.S., which is characterized by high taxes and protectionist set-asides for politically connected unions that shut out free trade.

In places like Indonesia, Singapore, Taiwan, India and Thailand, nobody demonizes business or blasts trade. Instead great efforts are made by the state and the private sector to draw in foreign investment by becoming more competitive than their rivals.

U.S. multinationals go to these places not because labor is cheap but because these policies also create boomtowns with lots of customers. Incredibly enough, sometimes overseas profits and jobs provide a lifeline for troubled U.S. companies back home. Take GM — today, its Brazil and Korea operations help keep it afloat.

Growth in the 8% to 9% range is typical in Asia. But even in other pro-business areas — like the city of Lyon, France, or the manufacturing mecca of Tijuana, Mexico — governments are going out of their way to attract U.S. investment.
…Mexico is drawing aerospace manufacturers and hiring engineers. Colombia, Chile, Brazil, Qatar and even the Republic of Congo are pulling them in, too.

Why? So long as profits are encouraged instead of taxed, the natural outcome is jobs. It's that simple. They get it. Why don't we?

Salon magazine noted that as companies shift their hiring overseas, the 1.4 million jobs created there could have, if they were created here, lowered the unemployment rate to 8.9% from 9.8%... READ "Why Jobs Leave" at IBD.

Government Get Out of Our Economy - Let Us Alone and We'll Fix it

I love the title of this article at The Wall Street Journal -

"A Jobs Sigh of Relief"
"A better stimulus plan: Have Congress adjourn until 2011" NOW THERE"S an IDEA!!!

...The news of a better job market couldn't have come at a better time politically given that Congress seems ready to waste more money on more government job creation. The same folks who planned the last stimulus now want to spend a few hundred billion on public works jobs, more aid to states, and another round job of jobless benefits. In some states, workers can now get paid for 18 months for not working. This will give many of them an incentive to postpone a job search even as their hiring prospects improve.

Meanwhile, the White House is thinking about paying home owners to weatherize their homes. Cash for caulkers, we suppose. Now, that'll put millions back to work.

The real message of the November report is that the job market is healing on its own, if Washington will simply let it happen. If Democrats want faster job creation by next November, they'll do nothing at all. Stop imposing new taxes on estates, payrolls, insurance, device makers, drug makers, small business, you name it. Start over on health care. Adjourn for the year, spend December with the family, come back in 2011. And watch Congress's approval rating rise. (Read the whole article at WSJ)

Dereliction of the White House Press Corp

You've heard Obama constantly intoning the mantra "yes but we've created or saved 150,000 jobs" as the numbers of unemployed swell every month...well there's a very good examination of this phony statement in The Wall Street Journal and how the White House Press Corp in its heated anxiousness to worship at the alter of "the anointed one" has absolutely been derelict in their duty to be the front line of protection between politicians and the people. It's disgusting really...

"Saved or created" has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs. His latest invocation came yesterday, when the president declared that the stimulus had already saved or created at least 150,000 American jobs -- and announced he was ramping up some of the stimulus spending so he could "save or create" an additional 600,000 jobs this summer. These numbers come in the context of an earlier Obama promise that his recovery plan will "save or create three to four million jobs over the next two years."...

"To begin with, the number is pure fiction -- the administration has no way to measure how many jobs are actually being 'saved.' And if we had tried to use something this flimsy, the press would never have let us get away with it."

Of course, the inability to measure Mr. Obama's jobs formula is part of its attraction. Never mind that no one -- not the Labor Department, not the Treasury, not the Bureau of Labor Statistics -- actually measures "jobs saved." As the New York Times delicately reports, Mr. Obama's jobs claims are "based on macroeconomic estimates, not an actual counting of jobs." Nice work if you can get away with it.

And get away with it he has (read at WSJ).