Posts Tagged ‘an entrepreneur takes a risk’

‘How Do You Create A Job?’ Don’t Ask Democrats Unless You Enjoy Gibberish

October 6, 2010

The transcript may not do the embarrassment to Richard Blumenthal (and by extension the entire Democrat Party) justice, but it’s still worth reading:

LINDA McMAHON: A follow-up, Mr. Blumenthal. You’ve talked about you want to incentivize small businesses. Tell me something, how do you create a job?

RICHARD BLUMENTHAL: A job is created, and it can be in a variety of ways, by… a variety of people, but principally by people and businesses in response to demand for products and services. And the main point about jobs in Connecticut is we can and we should create more of them by creative policies. And that’s the kind of approach that I want to bring to Washington.

I have stood up for jobs when they’ve been at stake. I stood up for jobs at Alderman Motors when GM wanted to shut down that automobile dealership. I stood up for jobs at Pratt & Whitney when that company wanted to ship them out of state and overseas. I stood up for jobs at Stanley Works when it was threatened with a hostile takeover.

I know about how government can help preserve jobs. And I want programs that provide more capital for small businesses, better tax policies that will promote creation of jobs, stronger intervention by government to make sure that we use the ‘Made in America’ policies and ‘Buy America’ policies to keep jobs here rather than buying products that are manufactured overseas, as WWE has done.

McMAHON: Government, government government.

Government does not create jobs. It’s very simple how you create jobs. An entrepreneur takes a risk. He or she believes that he creates goods or service that is sold for more than it costs to make it. If an entrepreneur believes he can do that, he creates a job.

The video is even better yet, because you can almost see the scarecrow actually twisting in the wind:

It was almost as though Richard Blumenthal was having a flashback to his Vietnam days, you know, when he wasn’t there, and could see only empty, deceitful vacuity.

Linda McMahon has made millions of dollars doing something that Richard Blumenthal has never done and will never understand.  She has created jobs.

Blumenthal sees only government, because he is a pompous bureaucrat.  He doesn’t see risk; he can’t possibly see risk.  Because his government is the kind of entity that can piss away nearly a trillion dollars, and continue on as though nothing had happened.  And if the government gets in a real bind, as it already is now, it can engage in abstract games such as “quantitative easing” – which is government euphemism for basically printing more money and reducing the value of every American’s savings so that it can pay its obligations and keep humming merrily along.

Linda McMahon sees risk.  And she sees government as something that gets in the way, and then gets even more in the way the more “helpful” it tries to be.

Linda McMahon understands that the essence of job creation is someone taking a risk.  If a potential business owner or investor believes that he or she can make a reasonable profit by creating a product or funding its creation, that person has to take a risk.  They could be wrong, and lose everything.

Will the government come to the rescue and print money for the business owner or investor if he or she turns out to be wrong, or fails to deliver on his or her vision?  Only in a Democrat like Blumenthal’s world.

For the rest of us, the prospect of huge tax hikes, extreme regulations, huge health care cost increases due to ObamaCare, energy-depleting radical environmentalist policies, politically correct garbage, and the like, can and do make the difference between deciding to take the risk inherent in job creation, and deciding to put your money somewhere else instead.

Conservatives understand the bottom-line behind job creation; liberals understand governmental gibberish.

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