Close The Book Forever On The Failed “progressive” Experiment


Originally posted on Mjfellwrites:

The current White House occupant, in a calculated, targeted attack against Republican rival Mitt Romney, attempted to dismiss a key Romney rationale for his presidential candidacy by saying: “When you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”

It is quite obvious that occupy Oval Office is shockingly unfamiliar with the concept that jobs are downstream from profits, not the other way around. With the exception of the original staff, which is hired to launch a company via startup capital (notice that here too, private capital comes before hiring), businesses only become financially capable of hiring more workers after they have made profits. Being profitable gives them the capital needed to pay for expansion, which then creates the need to hire additional employees…

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