From Working people are the Job Creators by Riverdaughter:
Anyway, leaving aside the philosophical aspect, there is a straightforward reason why the real job creators are average working people. And when I say working people, I mean anyone not living on their investments. That means drop outs to professionals. I’m not an economist and I’ve only taken a couple of econ courses but none of this is over your head. It’s all common sense. Here’s how it works: you get money from work or a benefit that you worked for. With that money, you can buy things. And the more things you can buy, the more things need to be created for you to buy. And the more need for things to be created, in either goods or services, the more people need to be hired to create those goods and services.
Note that all this depends on there being money priming the pump. There must be a release of money into the system that gets the whole ball rolling. That money can come from either the private or public sector. There is no good or bad money. Public sector money is just as virtuous as private sector money in priming the pump. The money goes into the hands of working people and those working people pass that money into the hands of other working people.
Well that’s simple enough. Government spends money and jobs magically appear. But where does all that money come from if nobody has a job? If there are no jobs there are no working people. If there are no working people how can they create jobs? We have a “chicken or the egg” dilemma here.
Artificial respiration will keep you alive but it’s not the same as breathing. It’s one thing for the government to maintain our social safety nets and another thing entirely to let it try to manage our economy.
Public sector money IS NOT just as virtuous as private sector money because it’s OPM – “Other People’s Money.” It puts politicians in a position to reward campaign contributors and cronies with windfalls. Take a look at Solyndra – half a billion dollars gone and the relatively few jobs it created are gone too.
The government spent $800 billion on the failed stimulus and it barely made a ripple. And nobody went to jail.
But wait! There’s more:
Let me stop here and say a few words about the Government. Wealthy people make The Government sound like some big, unresponsive, evil thing. But the government is whoever you elected to office. They’re supposed to spend money in the way that YOU direct them to. So, if you elect a lot of people who want to spend money in Iraq and Afghanistan, that’s what they’ll do. If you elect people who want to give all our disposable tax money to bankers who wrecked the economy, that’s what they’ll do. If you don’t want the treasury to run out of money to fund highways, schools, high speed internet infrastructure and all of the other stuff that makes this country a potentially nice place to live, stop voting for the people who are giving away your tax money to other wealthy people. It’s YOUR government and you have a right to say what things are important to you to fund. If Government is not working for you, get rid of the people who aren’t listening to what you want. We don’t have to live in a banana republic.
If government doesn’t have my tax money, they can’t spend it. They can’t give it to bankers or spend it on wars. Don’t get me wrong – I believe in government, social safety nets and the need for infrastructure. But the idea that I should give them my money and hope they spend it wisely or I’ll vote them out is bassackwards.
Money is power. The more money we give government, the more power we give them. And as Lord Acton said, “Power corrupts.” I always find it amusing that lefties are the ones most concerned with “Big Brother” while at the same time they are the ones who want to create and empower him.