The final piece of this short series . . .

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If you had to blame the recession on one person, who would it be? — The Wintery Knight rightly picks Barney Frank, who along with his fellow Democrats insisted that Fannie Mae and Freddie Mac were fine and the concerns over a housing bubble were unfounded.  Oh, and they resisted the Republican calls for regulation.  Watch the videos.  Facts are pesky things.  If only they got reported by the mainstream media we’d all be in better shape.

And guess what party the top 5 recipients of Fannie/Freddie contributions belonged to?  Hint: It starts with a “D.”

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We need more Junior Achievement classes in all grades.  They are proven to reduce drop out rates and they provide excellent training in basic economic and money management principles.

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Intel CEO Otellini: The Democrats Are Destroying our Economy — this is basic stuff to people who know anything about business.  You shop at businesses that treat you better and have lower prices, right?  What makes you think investors won’t do the same?  If you charge higher prices (i.e., taxes), offer lousy service and demonize your customers then don’t be surprised when they leave you.

The most disturbing part of Otellini’s comments is that he says nothing groundbreaking, nothing unexpected, and nothing that we have not heard many times before. Otellini talks about regulation, taxation, litigation and transparency – all issues that have been cited by business leaders for years. But our ‘leaders’ in Washington ignore these concerns, and instead pile on more taxes, more regulation, more litigation costs, greater uncertainty about the climate going forward. And they do all this while claiming to be ‘pro-jobs.’

Will Congress and the White House ever realize that business leaders are telling the truth? As our government continues to make it more difficult to do business in the US, companies must increasingly look to more favorable climates abroad. If Washington really wants to spur job creation here in the US, they should repeal the health care overhaul, reduce spending, cut the corporate tax rate, give up on cap and trade, and reform litigation. Instead we have been treated to an extended experiment in government control – one that is obviously not producing new wealth, new jobs, or any real hope for the emergence of the industries of the future.

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As noted in the first part, it is proven that Liberals have a very poor understanding of basic economic principles.  They should not be in charge of the economy.  Get out and vote this November, people!  Republicans have their flaws, but their policies result in having employed people complain about them rather than unemployed.

Continuing a three-part series on jobs . . .

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Roxanne explores the vast misunderstandings about job creation in Failing Capitalism (and common sense) 101.  Read it all.

Whether or not you ascribe to that  particular ideology, you should understand the theoretical basis of the reigning ideology of your country.  So, if you live in the Western world, you should have some idea of what capitalism is all about.  That is, you should not write things like:

“Creating jobs is not about intelligence or education. It’s about having enough money to pay someone to do something. And :drumroll:…. having money is not exclusively a function of being educated, intelligent, good-smelling, or anything else, really. Of course, if we argue that wealth is solely a function of merit (as measured by education, which we assume is a function of intelligence), then yeah, it’s pretty much axiomatic that a more educated populace will create more jobs.”

Then Marshall asks, “Who would hire?  Who could?”

This article from Investor’s Business Daily lists ten reasons for the poor job situation in this country: (Hat tip–Wintery Knight)
-Executive orders and regulations promoting compulsory unionism.
-Obama’s forced restructuring of GM.
-Patient Protection and Affordable Health Care Act of 2010 (ObamaCare).
-Extension of unemployment benefits to 99 weeks — almost two years!
-American Recovery & Reinvestment Act of 2009.
-Minimum wage laws.
-Restoring American Financial Stability Act of 2010.
-Moratorium on offshore oil drilling.
-Expiration of the Bush tax cuts.
-Obama’s runaway spending.

Not surprisingly, people with no business experience don’t know how to create jobs. Obama’s cabinet has the least private sector experience ever, by far.

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Is the media helping educate people on the problem? Of course not. As Rich Karlgaard of Forbes notes, editorial after editorial blames business for the problem but never talks to the business people. I guess they must be omniscient and don’t need to actually interview the people in question.

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Also see Obama’s Washington: No experience necessary

Wonder how Recovery Summer turned into Wreckovery Bummer?  How an administration ginned up its entire economic strategy into one stimulus bill and has done nothing since, even as the economy disintegrated?  Marty Robins advises his readers to check the CVs of the people in charge in Washington to understand just how incompetence has triumphed — and not just Barack Obama’s . . .