FT141: “Liberals are absolutely sure they’re right and you’re wrong even though they can’t explain why.” —Old Pithy

Posted by PITHOCRATES - October 26th, 2012

Fundamental Truth

Jobs are Everything in an Economy

In the movie Apollo 13 starring Tom Hanks it was a smart electrical engineer that saved the astronauts.  Who explained that nothing they did would save the astronauts unless they figured out how to make the limited remaining power last until reentry.  He said power was everything.  And if it ran out before reentry the astronauts wouldn’t make it back alive.  So heeding the advice of the smart electrical engineer they shut off all power to save what they had for reentry.  Which meant they had no heat.  And had to do some course corrections without the computer, requiring some complicated flying skills.  Because they listened to the smart electrical engineer they had just enough power left to make it to reentry.  And the astronauts made it back home alive.

An economy is similar in a way.  For it, too, has something that is everything.  And without it nothing else matters.  Jobs.  Jobs are everything in an economy.  For they are the only way we can afford things.  A house.  A car.  Food for our families.  The heating bill.  Fuel for our vehicles.  Electronic devices.  Our wireless/cable bills.  Coffee at Starbucks.  Clothing.  Shoes.  Pet food.  Etc.  None of these would be possible without a job.  And a paycheck.  Even our government benefits.  Paid for with taxes.  Deducted from our paychecks.  Without people working none of these things would be possible.  Because jobs are everything.

Money is not everything.  We use money to make it easier to trade our skills with others to get the things we want.  The more our skills are in demand by others the more we can trade them for other things.  Which is why doctors have more things than high school kids working an entry level job.  For there are a lot high school kids with entry-level job skills.  But not so many people with doctor skills.  So we pay doctors more.  And high school kids less.  Because doctors have more valuable skills than high school kids.  And therefore can trade those skills for a lot of other things.  So it’s not the money that matters.  It’s the skills that they can trade for money that matters.  Provided there is a job for them to fill.  Once again coming back to jobs.  Which are everything.

Birth Control and Abortion are the Pressing Social Issues that keep College Students Awake at Night with Worry

If the government printed money and paid everyone in the nation the equivalent of a doctor’s earnings it would not be the same thing.  Because if everyone was paid the same no matter their skill level no one would go through the costs and hard work to become a doctor.  Because working harder to acquire those skills wouldn’t provide them anything more than they can get for doing nothing.  Giving people money for skills they don’t have diminishes the values of those skills.  So people won’t work hard to get those skills.  With less skillful people in the workplace there will be fewer people to provide the goods and services we want to buy.  Leaving a lot of empty store shelves.  And high prices because the things you want will be very hard to find.

This is why high school kids go to college.  Take on a lot of student loan debt.  To get the skills that will let them get the kind of jobs that will let them earn a lot of money.  Granted, a lot of kids go to college for the fun.  First time away from home.  Binge drinking.  Casual sex.  Drugs.  But they’re also there for the big payday a college education is supposed to give you.  However, if the jobs aren’t there neither is that big paycheck.  But that student loan debt is.  Who’s to blame for the lack of jobs?  In part these college kids.  Who typically vote Democrat.  The party that favors social justice, access to birth control and abortion, gay marriage, the decriminalization of marijuana, and other pressing social issues that apparently keep college students awake at night with worry.  So the Democrats pursue these issues to get the youth vote.  Instead of making a favorable climate for business.  So they can grow and create the jobs these college students want and are going to college for.

The problem is that these kids don’t understand the fundamentals of economics.  They don’t understand business.  Or the affect of taxes and regulatory compliance costs on a business’ bottom line.  And they don’t seem to understand that they are not the only ones who want to make money.  So do business owners.  And if the tax burden and cost of regulatory compliance reduce the bottom line it makes it more difficult to meet payroll.  And pay their other bills.  So they will not grow their business.  They will not create jobs.  They will not offer pay raises and bonuses.  And may even lay off people.  When they do these things college kids call these business owners greedy.  While their desire for a high-paying job does not make them greedy.  Funny how subjective greed can be.

Liberals are Deep Critical Thinkers though they think about few things other than a Woman’s Reproductive Parts

In the current election cycle the Democrats don’t have a good record to run on.  The current economic recovery, if we can call it a recovery, is about the worst on record.  The biggest drag on the economy?  Jobs.  There are fewer of them today than when President Obama took office.  And his policies haven’t help.  Especially Obamacare.  Which has caused business owners to slam the brakes on hiring.  As they have no idea of the final total cost impact of Obamacare.  So having destroyed job creation, the Democrats have turned to other tactics.  Fear and loathing of Republican candidates.  Such as the so-called war on women.  Where the Democrats are warning women that if the Republicans win the upcoming 2012 election women will lose their birth control, their access to abortion, their cancer screening, their freedom.  Life for women under the Republicans, the Democrats say, will be little different than living under the Taliban.

Of course, this isn’t true.  For it didn’t happen under the 20 years of Republican rule of George W. Bush, George H. W. Bush and Ronald Reagan.  But it doesn’t stop the Democrats or their celebrity endorsers from warning about the horrible things that will happen to women should the Republicans win.  And they speak with such certain authority.  For they know everything.  At least, that’s what they think.  It would be interesting, though, to ask them a few questions.  So they can demonstrate their mastery of things economic.  By explaining the stages of production.  Why stimulus spending raises prices.  To explain the business cycle.  How recessions correct prices by wringing inflation out of them.  How keeping interest rates artificially low creates asset bubbles.  Like housing bubbles.  And how bubbles create recessions when they burst.  To explain what is Say’s Law.  To name an economic school besides the Keynesian school.  To explain the Keynesian school of economics.  The number of taxes a business must calculate and pay with every payroll.  How excessive government borrowing diverts investment capital from the job-creating private sector.  Or how the growth in government spending cannot increase greater than the population growth rate.

As they don’t teach any of this in today’s public schools and most universities they probably won’t be able to explain any of these things.  Yet liberals are absolutely sure they’re right and you’re wrong.  Even though they can’t explain why.  For they are smarter.  Brighter.  More progressive.  Enlightened.  And deep critical thinkers.  Though they think about few things other than a woman’s reproductive parts.  Even when the real unemployment rate (the U-6 number that counts everyone that can’t find a full-time job) currently stands at 14.7%.  Which is serious.  As jobs are everything.  And sometimes you can’t have everything you want.  Sometimes you must sacrifice.  And put in place policies that are business friendly.  Cutting back on the social spending.  At least until businesses start creating jobs again.  And the working tax base can once again support that social spending.

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