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Trumka: more government deficit spending is how to solve the jobs crisis

Only the government, by confiscating money from the private sector, taking some off the top themselves for administrative costs, then redistributing that confiscated money to union-supported industry unfairly suffering because the market is just too stupid to realize its value and the dignity of its workers, can create jobs.

The socialist plan in a nutshell — laid out by Richard Trumka Wednesday, and soon to be parroted by his puppet, Barack Obama, in a nationally-televised campaign speech disguised as the latest in a long line of neverending “jobs plans.” CNS News:

Speaking at a press conference on jobs Wednesday, Trumka called for greater government spending in areas like education and jobs.

Asked whether such spending was responsible in an era of record federal debt and deficits, he replied that “the United States doesn’t have a short-term debt crisis, it has a short-term jobs crisis.”

The head of the nation’s largest labor union organization then compared increased federal deficit spending to mortgages or the taking out of student loans, saying each was an “investment” in the future.

“When you go out [and] a lot of people get married and have children, sometimes you buy a house. You don’t pay for that house this year, you pay for it over 30 years, and why? Because it’s an investment in your future,” he said.

“Then you send your kids to school and you don’t pay for those schools because most people can’t afford to pay for a whole year of schooling in one year, [so] you borrow. And why do you do that? Because you’re investing in the future.

“Investing in job creation is the best investment this country can have and putting people back to work – like the people that are up here and the other 25 million around the country – would help solve that problem to the extent that it exists.”

Trumka laid out an AFL-CIO six-point plan for job creation. Five of the six points involve more government spending in areas like education, transportation, energy, aid to states, and unemployment benefits – the kind of spending included in President Obama’s 2009 stimulus package.

That package, which Obama promised would keep unemployment below eight percent, failed to make much of an impact on jobs. In the more than two years since the bill was signed, unemployment has not dipped below the eight percent threshold pledged by the president.

On the contrary, the economy has lost millions of jobs since the first stimulus was signed into law. Further, according to the most recent projections from the Congressional Budget Office, unemployment will not drop below eight percent until at least 2014.

Well, I’m just spitballing here, but my guess is that part of this is because the “investors” in Trumka’s analogy are expected to pay back what they own, lest the lenders sue for relief and take over the assets.

Whereas the federal government? Just votes itself more of your money, takes out ever new lines of credit, and, when it fails to pay back what it owes, blames it all on George Bush.

Bottom line: the government doesn’t have money that it doesn’t take from the private sector or print itself. And so the idea that it can spend money to create jobs simply means that it is presuming that it can invest money more wisely than the market — having first looted its share off the top for “administrative” costs.

What it is doing is thwarting the natural flow of the market, taking money from the path it would naturally follow and “administering it” — that is, redistributing it to favored industries and favored constituencies (like, say, public sector union jobs — surprise!), and pretending that it has “created new jobs,” when it fact it has enriched itself, both financially and by way of power and influence, all while taking a percentage of money out of the market, then directing money to businesses that the market hasn’t demanded.

Which is why we end up will millions spent on “green jobs,” only to watch the companies fail, and our money — so thoughtfully “administered” by the government — flushed right down the crapper.

The government presuming to take over the market — for fairness! — is nothing more than the government playing the role of mob boss: it wets its beak, it decides who gets what, when, and why, and it rewards its friends and punishes its enemies.

Dressing it up in a nice shiny suit and Capezios doesn’t disguise what it is.

5 Replies to “Trumka: more government deficit spending is how to solve the jobs crisis”

  1. LBascom says:

    California is again on the leading edge of job creation:

    Under AB 889, household “employers” (aka “parents”) who hire a babysitter on a Friday night will be legally obligated to pay at least minimum wage to any sitter over the age of 18 (unless it is a family member), provide a substitute caregiver every two hours to cover rest and meal breaks, in addition to workers’ compensation coverage, overtime pay, and a meticulously calculated timecard/paycheck.

  2. geoffb says:

    Speechifying is hard work so “Road Trip“.

  3. Alec Leamas says:

    Um, more like “I’ll gladly pay you Tuesday for a hamburger today.”

    Wonder if Trumka would agree to accept dues on the delayed payment plan? You know, because they’re an “investment.”

  4. Hadlowe says:

    re: that california babysitter bill. Combine that with the NLRB micro-union ruling and you could have a union of a few babysitters picketing Mr. and Mrs. Jones for increased wages and benefits.

    No pizza money no justice.

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