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Forum Post: Does Gubment Create Jobs?

Posted 11 years ago on April 9, 2013, 10:33 p.m. EST by eviltrillionaire (-146)
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[-] 4 points by shoozTroll (17632) 11 years ago

We know for sure that eviltrillionaires don't.

They mostly don't do anything, besides destroying democracy.

[-] 1 points by DKAtoday (33802) from Coon Rapids, MN 11 years ago

And destroy the world. Ummmm sorry that would be billionaires. Is there a trillionaire yet? Living not one of the living dead corpoRATions.

[-] 4 points by GirlFriday (17435) 11 years ago

Peter G. Peterson, born June 5, 1926, is a controversial Wall Street billionaire who uses his wealth to underwrite numerous organizations and PR campaigns to generate public support for slashing Social Security, Medicare, and Medicaid, citing concerns over "unsustainable" federal budget deficits. In 2007, he made a fortune from the public offering of the private equity firm he co-founded, Blackstone Group, and pledged to spend $1 billion of this money to "fix America's key fiscal-sustainability problems." He endowed this money to the Peter G. Peterson Foundation, which he launched in 2008 (see below for more).[1] His son, Michael A. Peterson, is the President and Chief Operating Officer of the foundation.


[-] 2 points by Middleaged (5140) 11 years ago

Ronald Reagan thought the Federal Government could create Jobs when he was Elected. You might not remember... we had a recession in the 1970s.... Reagan's Plan was to Invest Heavy in Defense to Stimulate the GDP... The plan was for really big growth ... also they cut taxes under the belief that Tax Revenues would be much higher as a results...

There is an article out there by a former Federal Reserve Chairman or executive that review this policy some years after Reagan left office.

Anyway ... he says Reagan cut back on some of his big spending program since GDP did not grow as much as Planned through Defense Investment. There was a lot of Growth in GDP, but it seems they decided it was very expensive or at least more than they wanted to pay. They also didn't get the Tax Revenues that they expected ... so Reagan raised taxes toward the end of his Term.

[-] 2 points by arturo (3169) from Shanghai, Shanghai 11 years ago

Government programs can create new technologies and new jobs. JFKs space program created a whole new industry, aerospace, which provided lots of good playing blue and white collar jobs. It also gave us pretty much all of what we call high technology today. For every dollar invested into the space program, it returned ten dollars in terms of economic development.

Free market thinking ruined the space program and its new technology and job creating capability, as it has ruined most basic research, since it is not conducted with a final product in mind.

[-] 1 points by Builder (4202) 11 years ago

The final product is certainly "in mind".

It is wealth concentration, control of all resources, and depopulation.

They don't give a rat's ass about job creation.

[-] 2 points by arturo (3169) from Shanghai, Shanghai 11 years ago

Who do you mean when you say "they"? The government today? In that case, you are probably right. There may be a few politicians today that care about people and job creation, but not many.

But when we had the space program under JFK, he did care about people and job creation, which is why we generally think of him as one of the greatest presidents in American history.

[-] 2 points by Builder (4202) 11 years ago

JFK had great plans for America.

That's why he had to go.

And "they" are the organised criminal cabal that have taken over the government/s.

It's war, Arturo, and the people are currently regrouping.

[-] 3 points by arturo (3169) from Shanghai, Shanghai 11 years ago

Sadly, too many people don't even know its war.

[-] 2 points by Builder (4202) 11 years ago

Hopefully the awakening will continue.

All we can do right now, is continue to spread the true information we find, and join in positive action groups. The 'enemy' is looking at ways of stifling our usage of the internet. This will require careful planning from both sides of the conflict.

[-] 2 points by Renneye (3874) 11 years ago

Hang in there arturo...I get down about it sometimes too, but take heart, I continually get surprised when speaking with regular folks out there, who DO know.

[-] 2 points by arturo (3169) from Shanghai, Shanghai 11 years ago

Thanks, that's good to hear.

Unfortunately, however, some people are so in fear of reality that they only want to live in denial of it.

[-] 2 points by Renneye (3874) 11 years ago

Soon, they won't have any choice in the matter. Then it will be up to us, the ones who do know, to teach them...and a quick study it will have to be!