Blowhards Blow Money For Their Own Profit

So today CNN Money reports more of the Blowhards blowing harder. Now, not only are the politicians such President Obama commanding the private sector to do something, now GE Chairman and CEO Jeffrey Immelt blow the command as part of the President's Jobs Council.

"The people who are part of the business sector, the people in this room, have got to stop complaining about government and get some action underway," he told the group. "There's no excuse today for lack of leadership. The truth is we all need to be part of the solution."

So if you want to do electrical work or sell oranges on your front lawn but some "old" regulations such as being unionized or FDA bureaucrats are holding you back, well quit complaining and don't worry. They'll recommend that those regulations be fixed or something or whatever. SOON...Right?

The truth is, businesses don't exist or do things simply because some almighty government official says, "Go do something." Only Central Planners think this way.

He said the group has made a number of recommendations for changes in government policies that should be able to help job creation, such as the executive order announced Monday asking independent agencies to rid their books of old and outdated regulations.

So I guess we will see bureaucracies getting off their porn sites long enough to figure out which regulations to throw away. Shall I hold my breath? I mean, President Obama and his laser likeness on the economy will certainly get right to it.

It certainly is wonderful that the CEO of GE could share his brilliant insight on how to get businesses to get going. Simply command like the President and all will be well. Of course if we all got printed money, perhaps we would do well to?

Of course we are told that printing money helps the economy because we all buy more tooth paste and the tooth paste assembler gets a pay check. Just read here.

All has not been well at GE, however. Since 2002, the company has laid off around 20 percent of its work force in the U.S., while expanding its overseas operations. And the company’s financing arm, GE Capital, sustained massive losses and had to be bailed out by the federal government:

OOOps. Did all of that printed money save those jobs? I guess we need to ask those 20% that got laid off. As we know from studying the truth about the guy with the printing press. He only tells you he is helping the little guy when in fact printing money makes the rich richer, Central Bankers, politicians etc..

I think the Libertarians have got it right. This is "soft fascism". Command and control. Central Planning with Central Banking. While you stand in the welfare line (formerly known as the "bread lines" under Soviet Rule & our very own Great Depression).