That’s why I can say with confidence that rich people don’t create jobs, nor do businesses, large or small. What does lead to more employment is a “circle of life” like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me.
So when businesspeople take credit for creating jobs, it’s a little like squirrels taking credit for creating evolution. In fact, it’s the other way around.
Latest from Restoration Calls. The full story drops tomorrow.
Let’s get sanctimonious, er, honest. We have lots of problems nowadays. Millions of people are unemployed. People are still losing their homes. Healthcare costs are rising too fast. College is too expensive for too many students. For the lucky ones in school, a terrible jobs market and too much student debt awaits them after graduation. Then there’s our deteriorating infrastructure. Our Byzantine tax code. Global warming. Afghanistan. I could go on. It’s depressing.
But not as depressing as the public spectacle of top campaign officials trying to “win” ridiculous spats more worthy of middle school. (I’m sorry, that’s an insult to middle schoolers). This is just life inside the Beltway bubble. It’s all poppycock, all the time. But here’s the thing: nobody cares. Nobody but political operatives, that is. Everybody else has actual problems to worry about. They aren’t interested in who ate what 40 years ago.
Matt O’Brien, of The Atlantic, is tired of silly presidential campaign issues and would like to discuss America’s real problems. Read it here.
Guys, I’m just going to keep reblogging Restoration Calls & hope you notice what an awesome project it is. We want to hear real stories to find real solutions together. It’s all peace, love, longform journalism & discussion.
National Journal’s congress writer gives a review of Todd Snider’s latest album and how it could be said to “represent the zeitgeist of a struggling America.” Have you heard the album? Read the full review. (via restorationcalls)
Not following Restoration Calls yet? Well. You should be.
Have you checked out Restoration Calls yet?
We are starting a conversation about the issues facing YOU and how they can be fixed. This first month focuses on how government can and should respond to the crumbling economic and social foundations in the U.S. What issue do you think needs attention and what do you think Congress should do about it? Is it women’s rights? The economy? Student loans?
Let’s start the conversation.
Harvard’s Model Congress session shows that teens may have figured out how to discuss issues and get legislation passed. Perhaps Congress can learn something from these idealistic youth. By Sarah Mimms.
Before you duck out of work early today to soak up one of the best sports days of the year - a 12-hour slate of NCAA Tournament hoops - take a moment to ponder one of the most frustration questions in America today: Why can’t lawmakers in Washington make layups anymore?
(FYI, we’re going to bust out more than a few sports metaphors between now and November. Plus pop culture, classic literature, maybe some Norse mythology…. Anyway, there will be metaphors. Back to the layups.)
What we mean by that is, Congress and President Obama can’t agree on the easy stuff - bills that would make widely popular changes that a wide swath of experts agree would do a lot of good for the country. For example, why can’t they reform the country’s immigration system to allow us to import more high-skilled, highly educated, foreign entrepreneurs who would like to start companies and create jobs?
That’s the subject of the first Restoration Calls magazine cover story, by the dynamite trio of Fawn Johnson, Beth Reinhard and Chris Frates. It’s the tale of two British-born whiz kids with a hot education startup, and of a Congress too dysfunctional to do anything to keep those whiz kids in America.
As they write:
At a time when Democrats and Republicans can’t seem to agree on anything, welcoming highly skilled workers … is one rare area of consensus. “You’ve got incredibly talented people who want to start businesses in this country or to work in this country, and we should want those folks here in the United States,” President Obama said just last week. “I’d staple a green card to the diploma of anybody who’s got a degree in math, science, a master’s degree, Ph.D. We want those brains in our country,” Mitt Romney, the Republican presidential front-runner, said on the campaign trail last year.
And yet Washington can’t get that - or a host of other popular, productive things - done. Why? And how do we, the people, change that?
Give it a read. Tell us what you think.
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