"Corporations and business do not create jobs"

2014-10-28T00:55:19-04:00

So the other day former Secretary of State Hillary Clinton stated at a campaign rally for Massachusetts Democratic gubernatorial candidate Martha Coakley, told the crowd, "Don't let anybody tell you that it's corporations and businesses that create jobs," going on to say trickle-down economics "has failed rather spectacularly."

So I'm a little confused! Just who exactly creates jobs?

http://www.forbes.com/sites/waynecrews/2014/10/26/hillary-clinton-businesses-dont-create-jobs-just-speaking-fees/

Hillary Clinton: Businesses Don't Create Jobs

Interestingly, if Clinton were to be making this statement in the world she ostensibly desires, perhaps it indeed wouldn't be businesses and corporations who provide jobs; we'd all be in thrall to the state.

Response by MSgt Private RallyPoint Member made Oct 28 at 2014 5:57 AM

2014-10-28T05:57:09-04:00

Good question, just goes to show why I should take economics 101 for my next course.

Response by MSG Wade Huffman made Oct 28 at 2014 7:17 AM

2014-10-28T07:17:37-04:00

So is she trying to say that the Government creates jobs? What else would be the alternative?

Response by SPC James Mcneil made Oct 28 at 2014 7:34 AM

2014-10-28T07:34:19-04:00

Maybe she thinks it's the job fairy?

Response by MAJ Private RallyPoint Member made Oct 28 at 2014 7:45 AM

2014-10-28T07:45:37-04:00

Corporations don't create jobs. Consumer demand for their products creates jobs. Remove people buying what they're selling, and all the tax breaks on earth aren't going to keep that company in business and they won't be hiring additional people. Also, look at the effects of tax cuts vs stimulus spending during the bail out. The government received roughly $1 for every $1 spent on tax cuts, while receiving around $1.5 for every $1 spent on stimulus spending. The nations that did the largest stimulus spending (like the US) are doing much better now than the countries in Europe who opted for austerity.

Response by PO2 Private RallyPoint Member made Oct 28 at 2014 8:08 AM

2014-10-28T08:08:39-04:00

As it seems with everything, the truth seems to lie somewhere in between. The government relies on taxes collected from private citizens and corporations to staff itself and fund things like transportation infrastructure projects and defense that then facilitate growth in the private sector. That growth then fuels more production and jobs and requires more infrastructure. If you took away all of the regulation on these corporations it would look like the robber baron years all over, but without them there would be no government or infrastructure to speak of.

Response by SFC Private RallyPoint Member made Oct 28 at 2014 9:04 AM

2014-10-28T09:04:06-04:00

just another diluted politician that needs her head examined.

Response by Capt Richard I P. made Oct 28 at 2014 11:52 AM

2014-10-28T11:52:28-04:00

I still find it hard to parse what people who say things like that mean. It seems to reveal a lack of understanding of basic economics. I mean, I cant imagine they've gotten to where they have without some econ...right?
Anyone ever read "I, pencil?" Great stuff.
http://www.econlib.org/library/Essays/rdPncl1.html

Read, I, Pencil | Library of Economics and Liberty

You may wonder why I should write a genealogy. Well, to begin with, my story is interesting. And, next, I am a mystery—more so than a tree or a sunset or even a flash of lightning. But, sadly, I am taken for granted by those who use me, as if I were a mere incident and without background. This supercilious attitude relegates me to the level of the commonplace. This is a species of the grievous error in which mankind cannot too long persist...

Response by SSgt Private RallyPoint Member made Oct 28 at 2014 3:51 PM

2014-10-28T15:51:12-04:00

MSgt Private RallyPoint Member Hillary says whatever she thinks will get her elected or to sell a book. She also has never really had a job beyond the theoretical kind even at Rose Law Firm which burned down if I am not mistaken. I was stationed in Little Rock and she was hated even back then.

Response by SSG Private RallyPoint Member made Oct 28 at 2014 4:13 PM

2014-10-28T16:13:12-04:00

It is obvious by her talking about trickle down economics that she was speaking of tax cuts to businesses not creating jobs. She has since come back and clarified that exact point.

The current situation in Kansas explains what she was trying to say. Gov. Sam Brownback implemented massive tax cuts in order to supposedly create jobs and help the economy. His plan failed miserably, and job growth in Kansas is at 1.9% compared to the 3.1% national average. Kansas also ended up with $338 million less in revenue than they predicted and $700 million less than what was collected in FY 13. Not to mention this entire tax cut was funded by the largest cut to public education in Kansas history.

Response by PO2 Jonathan Scharff made Oct 28 at 2014 4:38 PM

2014-10-28T16:38:35-04:00

Well...I have to disagree with most here. I feel that a lot of people have been brainwashed to believe that someone else is always responsible for your success or failure for that matter. Government believes that they are responsible for all positive gains in society and the corporation believes that they are responsible for all. Interesting...then we have the supply vs. demand argument with arguments on both sides.

I believe that it is the individual that creates jobs. For without the creative development of the individual there wouldn't be a demand or a supply. There would be no need for government infrastructure improvements. Individuals like Edison created things that not only never existed before, but no one ever even thought could exist. Then there was a demand for the light bulb and the need for infrastructure as well as an overwhelming desire to take the credit for it.

Edison, Jobs, Disney, Ford, etc. Their ideas create jobs. Just my humble opinion.

Response by MAJ Robert (Bob) Petrarca made Oct 28 at 2014 7:07 PM

2014-10-28T19:07:31-04:00

How is it that with so many people that, "know" everything, we can't get a damn thing done in this country??

Response by SPC David S. made Oct 28 at 2014 9:11 PM

2014-10-28T21:11:28-04:00

The only ones that truly create jobs are the entrepreneurs that come up with business plans that fill the needs for a product and or service. Certainly the government can incentivize business owners just as much as they can decentivize them to hire people but when it comes to hiring its the business that put up the money to hire someone . If she is going to swing that sword she ought to be careful as its double edged. Much of the great depression was caused by policy. Also the last time I checked according to my paycheck I was paying the government not them paying me.

Response by CW5 Private RallyPoint Member made Oct 29 at 2014 7:15 AM

2014-10-29T07:15:54-04:00

MSgt Private RallyPoint Member, I think some would say that the government creates jobs. Not me! But some would.

Response by SSgt Tim Ricci made Oct 29 at 2014 12:02 PM

2014-10-29T12:02:12-04:00

HMMM!! I really am not knowlegdable in this matter but, I have been watching this reality show on TV called "Profit" and I will have to disagree with Sister Hillary on this matter!

Response by SGT Robert Geary made Oct 29 at 2014 1:40 PM

2014-10-29T13:40:03-04:00

Economics is defined as the allocation of scarce resources; therefore, I could take Madame Clinton's comments to mean she believes Government will create jobs by allocating scarce resources. If that is in fact what is meant by the former SECSTATE, I would say she is wildly ignorant on the topic of Economics. All of the countries throughout the world that have Gov't leading their economies are on the precipice of civil unrest, a low standard of living and an uncertain future. Case in point: Saudi Arabia. The House of Saud allocates scarce resources ($ from Oil) so they can stay in power; however, when was the last time you heard of innovation or new products coming from Saudi Arabia? I know people there probably want to have smartphones, new luxury cars, etc - however, a place like Saudi will never be able to develop these things. The same goes for Russia. Africa is a whole continent of Gov't/UN Economic control and it is in dire straits. France comes to mind as well (GE recently had to purchase their failing Gov't sponsored Power Business - as it was losing money hand over fist). China? Not quite - as they are practicing more of a new age mercantilism. The list goes on...Gov't can set up a nice, safe zone where the rule of law is respected. But Gov't is horrible at allocating resources.

Response by SSG Private RallyPoint Member made Oct 31 at 2014 12:21 AM

2014-10-31T00:21:36-04:00

Hillary has no clue what she is talking about. Innovative individuals, who take the chance to do something, are the ones who create jobs. I know Steve Jobs didn't literally say the below but it still shows the point: Clinton is very ignorant on the truth and the economy.