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	<title>Comments on: NY Times on Job Creation</title>
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	<link>http://chicagoboyz.net/archives/9610.html</link>
	<description>Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago boys including those pictured above.</description>
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		<title>By: Andrew_M_Garland</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328314</link>
		<dc:creator>Andrew_M_Garland</dc:creator>
		<pubDate>Tue, 06 Oct 2009 22:30:34 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328314</guid>
		<description>&lt;b&gt;Liberal Economics&lt;/b&gt;: &#160; Money falls from heaven for everyone to use. But, the immoral and sneaky rich gather more than their share. The government&#039;s purpose is to redistribute the money the way God intended. Or, if you wish, the way Gaia, or the Tooth Fairy, or whoever intended.

Taxes remove the excess income of the rich and give it to the voting poor, through a fair and organized bureaucracy. The rich oppose this action by selfishly and spitefully decreasing employment. Government responds by increasing grants and spending, to boost employment. The government incurs a deficit while it discovers the &quot;knack&quot; for creating the jobs that the rich are hiding. 

&lt;a href=&quot;http://easyopinions.blogspot.com/2008/11/political-dictionary.html#libEcon&quot; rel=&quot;nofollow&quot;&gt;The Political Dictionary&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><b>Liberal Economics</b>: &nbsp; Money falls from heaven for everyone to use. But, the immoral and sneaky rich gather more than their share. The government&#8217;s purpose is to redistribute the money the way God intended. Or, if you wish, the way Gaia, or the Tooth Fairy, or whoever intended.</p>
<p>Taxes remove the excess income of the rich and give it to the voting poor, through a fair and organized bureaucracy. The rich oppose this action by selfishly and spitefully decreasing employment. Government responds by increasing grants and spending, to boost employment. The government incurs a deficit while it discovers the &#8220;knack&#8221; for creating the jobs that the rich are hiding. </p>
<p><a href="http://easyopinions.blogspot.com/2008/11/political-dictionary.html#libEcon" rel="nofollow">The Political Dictionary</a></p>
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		<title>By: tomw</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328306</link>
		<dc:creator>tomw</dc:creator>
		<pubDate>Tue, 06 Oct 2009 16:25:00 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328306</guid>
		<description>I posted the wrong link to Coyoteblog.

it should have been:
&lt;a href=&quot;http://www.coyoteblog.com/coyote_blog/2009/10/why-my-business-has-ceased-investing.html&quot; rel=&quot;nofollow&quot;&gt;Why my business has ceased &lt;/a&gt;

 Sorry.
tom</description>
		<content:encoded><![CDATA[<p>I posted the wrong link to Coyoteblog.</p>
<p>it should have been:<br />
<a href="http://www.coyoteblog.com/coyote_blog/2009/10/why-my-business-has-ceased-investing.html" rel="nofollow">Why my business has ceased </a></p>
<p> Sorry.<br />
tom</p>
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		<title>By: DrTorch</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328268</link>
		<dc:creator>DrTorch</dc:creator>
		<pubDate>Mon, 05 Oct 2009 20:17:40 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328268</guid>
		<description>Oh, the NYT understand all of that.

That&#039;s why they are NOT creating jobs, rather they are shedding jobs.

They just don&#039;t want to believe it&#039;s their fault that &quot;good payin&#039;, blue collar, everyman&quot; jobs are disappearing.  And they don&#039;t want the guilt of recognzing that the editors who write this drivel for six-figured salaries, are the very overpaid executives they rant about.

If they want leadership on jobs, then go find the small business owner who&#039;s putting in 18 hr/day trying to get his company in the black so he can pay off that 2nd mortgage.</description>
		<content:encoded><![CDATA[<p>Oh, the NYT understand all of that.</p>
<p>That&#8217;s why they are NOT creating jobs, rather they are shedding jobs.</p>
<p>They just don&#8217;t want to believe it&#8217;s their fault that &#8220;good payin&#8217;, blue collar, everyman&#8221; jobs are disappearing.  And they don&#8217;t want the guilt of recognzing that the editors who write this drivel for six-figured salaries, are the very overpaid executives they rant about.</p>
<p>If they want leadership on jobs, then go find the small business owner who&#8217;s putting in 18 hr/day trying to get his company in the black so he can pay off that 2nd mortgage.</p>
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		<title>By: Valjean</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328266</link>
		<dc:creator>Valjean</dc:creator>
		<pubDate>Mon, 05 Oct 2009 18:23:58 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328266</guid>
		<description>&quot;That could be done with more stimulus to spur job creation, or a large federal jobs program, or tax credits for hiring, or all three.&quot;

Or none of the above, since all three of these will actually destroy opportunities for employment.

&quot;Or surprise us.&quot;

Actually considering &lt;i&gt;fewer&lt;/i&gt; regulations and taxes? Would the resulting boom in investment and employment &quot;surprise&quot; you?</description>
		<content:encoded><![CDATA[<p>&#8220;That could be done with more stimulus to spur job creation, or a large federal jobs program, or tax credits for hiring, or all three.&#8221;</p>
<p>Or none of the above, since all three of these will actually destroy opportunities for employment.</p>
<p>&#8220;Or surprise us.&#8221;</p>
<p>Actually considering <i>fewer</i> regulations and taxes? Would the resulting boom in investment and employment &#8220;surprise&#8221; you?</p>
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		<title>By: tomw</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328264</link>
		<dc:creator>tomw</dc:creator>
		<pubDate>Mon, 05 Oct 2009 16:38:06 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328264</guid>
		<description>If this is improper &#039;netiquette&#039;, please excuse.

 Coyoteblog has a post that describes his circumstance as a private operator of state parks here:
&lt;a href=&quot;http://www.coyoteblog.com/coyote_blog/2009/10/capitalism-a-real-not-sarcastic-love-story.html&quot; rel=&quot;nofollow&quot;&gt;Coyote Blog:love story&lt;/a&gt;

tom</description>
		<content:encoded><![CDATA[<p>If this is improper &#8216;netiquette&#8217;, please excuse.</p>
<p> Coyoteblog has a post that describes his circumstance as a private operator of state parks here:<br />
<a href="http://www.coyoteblog.com/coyote_blog/2009/10/capitalism-a-real-not-sarcastic-love-story.html" rel="nofollow">Coyote Blog:love story</a></p>
<p>tom</p>
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		<title>By: Michael Kennedy</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328262</link>
		<dc:creator>Michael Kennedy</dc:creator>
		<pubDate>Mon, 05 Oct 2009 16:35:29 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328262</guid>
		<description>The thing I noticed about Ms Vanden Heuval on that same show was her repeated comments about how people are afraid of debt and debt is just not a problem. Even Cokie Roberts, who is no economic maven, expressed horror at the huge levels of debt being created by Obama. I don&#039;t think the Vanden Heuval types and Obama ever plan to repay that debt they are creating or wish to create.</description>
		<content:encoded><![CDATA[<p>The thing I noticed about Ms Vanden Heuval on that same show was her repeated comments about how people are afraid of debt and debt is just not a problem. Even Cokie Roberts, who is no economic maven, expressed horror at the huge levels of debt being created by Obama. I don&#8217;t think the Vanden Heuval types and Obama ever plan to repay that debt they are creating or wish to create.</p>
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		<title>By: ElamBend</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328261</link>
		<dc:creator>ElamBend</dc:creator>
		<pubDate>Mon, 05 Oct 2009 15:34:22 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328261</guid>
		<description>I had one of the Sunday shows on last weekend and the Olympics and Obama came up.  One commenter in particular, Katrina Vanden Heuval, kept bringing her comments back to her main talking point that Obama needed to concentrate on jobs.  She even mentioned that her preferred route would be through a &#039;strong industrial policy.&#039;  (I guess Japan&#039;s experience with that over the last 20 years doesn&#039;t deter her).

It really is odd that so many think [real] jobs are so easily created.</description>
		<content:encoded><![CDATA[<p>I had one of the Sunday shows on last weekend and the Olympics and Obama came up.  One commenter in particular, Katrina Vanden Heuval, kept bringing her comments back to her main talking point that Obama needed to concentrate on jobs.  She even mentioned that her preferred route would be through a &#8216;strong industrial policy.&#8217;  (I guess Japan&#8217;s experience with that over the last 20 years doesn&#8217;t deter her).</p>
<p>It really is odd that so many think [real] jobs are so easily created.</p>
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		<title>By: david foster</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328256</link>
		<dc:creator>david foster</dc:creator>
		<pubDate>Mon, 05 Oct 2009 13:56:18 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328256</guid>
		<description>It&#039;s easy to &quot;create jobs.&quot; You can pay people to dig holes and fill them up again. Or ban automatic elevators and therby give jobs to at least half a million people as elevator operators. The trick is creating jobs that are actually economically productive.

This would also be an issue in a completely socialist economy. Even with total government control of the economy, there is a distinction between jobs that produce useful goods/services and those that don&#039;t. From what we&#039;ve see of Obama/Reid/Pelosi, we can be pretty sure that their version of a command economy would be devoted to paying off favored groups and implementing fashionable theories. The &quot;back-yard blast furnaces&quot; of Maoist China would probably look economically rational by comparison.</description>
		<content:encoded><![CDATA[<p>It&#8217;s easy to &#8220;create jobs.&#8221; You can pay people to dig holes and fill them up again. Or ban automatic elevators and therby give jobs to at least half a million people as elevator operators. The trick is creating jobs that are actually economically productive.</p>
<p>This would also be an issue in a completely socialist economy. Even with total government control of the economy, there is a distinction between jobs that produce useful goods/services and those that don&#8217;t. From what we&#8217;ve see of Obama/Reid/Pelosi, we can be pretty sure that their version of a command economy would be devoted to paying off favored groups and implementing fashionable theories. The &#8220;back-yard blast furnaces&#8221; of Maoist China would probably look economically rational by comparison.</p>
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		<title>By: Jonathan</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328254</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Mon, 05 Oct 2009 13:03:54 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328254</guid>
		<description>&lt;a href=&quot;http://drhelen.blogspot.com/2009/10/will-small-business-going-galt-be.html&quot; rel=&quot;nofollow&quot;&gt;Dr. Helen&#039;s post&lt;/a&gt; on related topics is very good, particularly the comments.</description>
		<content:encoded><![CDATA[<p><a href="http://drhelen.blogspot.com/2009/10/will-small-business-going-galt-be.html" rel="nofollow">Dr. Helen&#8217;s post</a> on related topics is very good, particularly the comments.</p>
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		<title>By: Mike K</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328243</link>
		<dc:creator>Mike K</dc:creator>
		<pubDate>Mon, 05 Oct 2009 04:10:52 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328243</guid>
		<description>That is me. For some reason it became anonymous.</description>
		<content:encoded><![CDATA[<p>That is me. For some reason it became anonymous.</p>
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		<title>By: Anonymous</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328242</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 05 Oct 2009 04:10:05 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328242</guid>
		<description>These people have never run a small business and have never considered what it takes to run a business and hire employees. Now doctors are not the most common small business in the country but they have been around for a while. There is a lot of talk on medical web sites about dropping out of Medicare and insurance schemes and practicing for cash. &lt;a href=&quot;http://www.sermo.com/blog/&quot; rel=&quot;nofollow&quot;&gt;Sermo, a web site for  physicians&lt;/a&gt;, has been running a thread on this subject and has over a thousand comments. More than a third are by physicians who have done this or are planning to do so. Most non-physicians have &lt;a href=&quot;http://blog.crossoverhealth.com/2009/07/02/whats-the-new-spelling-for-the-ama-s-e-r-m-o/&quot; rel=&quot;nofollow&quot;&gt; no idea what is going on&lt;/a&gt;. They will find out about this only as they try to find Medicare primary care docs and they aren&#039;t there. This is not a threat but a statement of what is going on very quietly.  I think they call it &quot;going Galt.&quot;</description>
		<content:encoded><![CDATA[<p>These people have never run a small business and have never considered what it takes to run a business and hire employees. Now doctors are not the most common small business in the country but they have been around for a while. There is a lot of talk on medical web sites about dropping out of Medicare and insurance schemes and practicing for cash. <a href="http://www.sermo.com/blog/" rel="nofollow">Sermo, a web site for  physicians</a>, has been running a thread on this subject and has over a thousand comments. More than a third are by physicians who have done this or are planning to do so. Most non-physicians have <a href="http://blog.crossoverhealth.com/2009/07/02/whats-the-new-spelling-for-the-ama-s-e-r-m-o/" rel="nofollow"> no idea what is going on</a>. They will find out about this only as they try to find Medicare primary care docs and they aren&#8217;t there. This is not a threat but a statement of what is going on very quietly.  I think they call it &#8220;going Galt.&#8221;</p>
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		<title>By: Jonathan</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328240</link>
		<dc:creator>Jonathan</dc:creator>
		<pubDate>Mon, 05 Oct 2009 02:13:19 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328240</guid>
		<description>Spot on. There is a cognitive disconnect between productive people, who work mostly in the private sector, and the media and political classes. When pols talk about increases in tax rates and regulation as somehow benefiting business formation and employment, most serious people in the private economy understand immediately that this is fantasy talk -- it makes no economic sense and cannot be taken at face value. Moreover, such fantasy talk is itself economically destablizing because it increases uncertainty and thereby diminisheds incentives to invest and otherwise take risks. I don&#039;t think the pols or media people get this. Many of them appear to believe that facile rhetoric is sufficient to close the sale and get business people to invest, even if the rhetoric is disconnected from reality.</description>
		<content:encoded><![CDATA[<p>Spot on. There is a cognitive disconnect between productive people, who work mostly in the private sector, and the media and political classes. When pols talk about increases in tax rates and regulation as somehow benefiting business formation and employment, most serious people in the private economy understand immediately that this is fantasy talk &#8212; it makes no economic sense and cannot be taken at face value. Moreover, such fantasy talk is itself economically destablizing because it increases uncertainty and thereby diminisheds incentives to invest and otherwise take risks. I don&#8217;t think the pols or media people get this. Many of them appear to believe that facile rhetoric is sufficient to close the sale and get business people to invest, even if the rhetoric is disconnected from reality.</p>
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		<title>By: Shannon Love</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328236</link>
		<dc:creator>Shannon Love</dc:creator>
		<pubDate>Mon, 05 Oct 2009 00:47:38 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328236</guid>
		<description>The NYT is thinking about jobs as objects instead of relationships. Jobs exist only when an economic-creative figures out where and how a task needs to be done and then forms a relationship with others to perform that task. Jobs disappear when those relationships disappear. You create jobs by routing resources to economic creatives. Everything else is at best just a stop gap measure.</description>
		<content:encoded><![CDATA[<p>The NYT is thinking about jobs as objects instead of relationships. Jobs exist only when an economic-creative figures out where and how a task needs to be done and then forms a relationship with others to perform that task. Jobs disappear when those relationships disappear. You create jobs by routing resources to economic creatives. Everything else is at best just a stop gap measure.</p>
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		<title>By: renminbi</title>
		<link>http://chicagoboyz.net/archives/9610.html/comment-page-1#comment-328234</link>
		<dc:creator>renminbi</dc:creator>
		<pubDate>Mon, 05 Oct 2009 00:28:59 +0000</pubDate>
		<guid isPermaLink="false">http://chicagoboyz.net/?p=9610#comment-328234</guid>
		<description>Well,it is not all bad;the NYT did understand that it is wrong to excuse drugging and raping a 13 year old girl. There is sometimes common sense there.</description>
		<content:encoded><![CDATA[<p>Well,it is not all bad;the NYT did understand that it is wrong to excuse drugging and raping a 13 year old girl. There is sometimes common sense there.</p>
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