Welcome To The Lloyd Dobler Economy


Lloyd Dobler: I don’t want to sell anything, buy anything, or process anything as a career. I don’t want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don’t want to do that.

Rick Manning, writing at The Hill, notes that bad news of the day (housing prices) and upcoming jobless numbers illustrate a fundamental divide between Republicans and Democrats.

“Republican lawmakers have responded to renewed signs of weakness with a jobs plan that prescribes more of the same ‘fixes’ that Republicans always recommend no matter the problem: mainly high-end tax cuts, deregulation, more domestic oil drilling and federal spending cuts.

“The White House has offered sounder ideas, including job retraining, plans to boost educational achievement and tax increases to help cover needed spending.”

In just a few lines, the Times managed to encapsulate the left’s complete lack of understanding of why jobs are created.

To be clear, jobs get created in private enterprise when additional labor is required to produce goods or services that will increase the profit of the enterprise.

Jobs don’t get created:

A: because people are trained to do them.

B: because people have higher educational attainment.

C: by raising taxes on those who we hope will create the jobs.

[read the full story]

Manning goes on to show an example of an Alaskan mine that enivormental activists and the administration have kept from opening for years. Thousands of jobs have not been created where they clearly could be with a few strokes of a regulators pen. Similar examples can be found in industries all over the country. New jobs are being killed in energy, mining, and oil by the tens of thousands by government inaction and environmentalist lobbying, and drilling bans. Ultimately those jobs are shipped overseas or never created.

Our country can’t keep turning out Lloyd Dobler’s forever; we need people who buy, sell, build, drill, hammer, etc. And we need people to start companies that hire people to do those things.

Well, Wasn't That Special?