A Department of Business?

[R.R.]

Obama has proposed adding a department of business in the unfortunate event that he manages to win reelection. Maybe XO thinks this is a great idea, but I don't know anybody else who thinks adding another layer of bureaucracy is a great or smart idea. This will not create millions of jobs. Besides, we already have a secretary of commerce, and that position has been sitting empty for the past 4 months.

Romney mocks Obama's "department of business" idea

[Christians4LessGvt]

Obama has proposed adding a department of business in the unfortunate event that he manages to win reelection.

Don't we already have a Department of Commerce?

[sirs]

I think we need a Dept of Departments, in order to organize all these departments

[Christians4LessGvt]

I think we need a Dept of Departments, in order to organize all these departments

Ha Ha....good one SIRS!

[Xavier_Onassis]

Rawmoney seems to be very good at a particular type of business. It is not the sort that tends to create jobs. Vulture capitalism consists of squeezing more productivity out of the labor force and sending the resulting millions to a few head vultures. Romney's business savvy is not something that will make him qualified to be President.

He has three positions on every issue. He will say anything for votes. What he will DO is unknown.

Note that he has NO HOPE of carrying Massachusetts, and had a rating of 36% when the people there were denied the opportunity to deep six his reelection. They elected a Democrat to follow him in office, that shows how well-liked this supercapitalist was at running a state. His only real triumph was Romneycare.

 I am quite happy with having a Dept of Commerce and a Small Business Administration. A bureaucracy can range from being quite productive to being a problem. I do not expect Obama will actually create a Dept. of Business when he is reelected.

[Christians4LessGvt]

It is not the sort that tends to create jobs.

Capital companies are vital to help create business and jobs.

Capital companies are not at "all bad" as you want to pretend.

In fact they provide much needed cash-flow and investment money
for struggling companies and companies that are expanding.

Capital companies also provide "venture capital" to the brightest
who have an idea but not the funds to bring the idea to the market.

For example Bain Capital in 1986 provided $4.5 million to two supermarket executives to open an office supply supermarket in Brighton, Massachusetts that eventually became Staples Office Supply. Today Staples has over 87,000 employees. And Bain Capital is providing jobs for over 400 employees just at Bain.

[sirs]

ouch     

[Plane]

What would we want a Department of Business to do?

Advocate good business to the president ?

Enforce regulation on business?

Duplication of effort is one of the first things a good businessman would tell the president to avoid.

[Xavier_Onassis]

The purpose of Bain capital was not to create jobs. If there were no Staples, there would simply be more Office Depots and Office Maxes. For every job these clowns may have created, more jobs were lost.

Here is a little secret: "increasing productivity" is another way of saying "get more work out of your employees for the same money".

I did not say I wanted a Dept.of Business, anyway.But Romney's business experience is NOT adequate training for him to run this country. After he ran Mass, the people did not want to see his narrow white ass again. He had a 36% favorability rating, DESPITE Romneycare. I know that Barack Obama will do a whole lot better than any scurvy 36%.

[Plane]

What part of Barak Obama's education and experience strikes you as exceptional qualification for understanding government and/or business?

Can't be his colledge grades , those are kept secret better than our latest missle research.

[Christians4LessGvt]

The purpose of Bain capital was not to create jobs

You have a fundamental lack of understanding of business.
Probably much like Obama...whose default mode is that
business is bad...out to get everybody.
Of course you and Obama love all the great products
that make your life splendid that business produces.

My job as a business owner is not to create jobs,
but whats great about the equation is jobs are a bi-product
in my quest to have a successful business.
It's a win/win/win/win.
I have to hire people to handle increased business.
those employees get good jobs, great benefits, great office atmosphere.
the gvt gets taxes from me and taxes from the more employees I hire,
and the customer gets great service or they will go somewhere else.
so there is at least 4 "winners"
#1. The customer
#2. The employee
#3. The gvt
#4. Me

If there were no Staples, there would simply be more Office Depots and Office Maxes.

Not really.
Cutting edge business' create new opportunities, new niches.
My business is doing things no one else was doing here.
So we have grown and added more and more employees.

Under your theory a country does not really prosper
because new business' are created because as you
say "they would just be offered by somebody else".
That's silly. Why then do countries with high standards
of living have a robust free market where business
is encouraged and innovation happens. Silly to think
well we'd be just as well off if Apple, Dell, Microsoft,
Southwest Airlines, IBM, and all the great companies
were never created. Yeah we'd look like North Korea
and Cuba!

Here is a little secret: "increasing productivity" is another way of saying "get more work out of your employees for the same money".

And whats wrong with that?

How much do you think your grocery bill would be if they had ten extra unproductive people standing around?

Again...demonize/bite the hand that feeds because of a
fundamental lack of understanding of business.

Only in the liberal mind would "Increasing Productivity"be something undesirable.

I-Phones/Smart Phones have made my employees much more productive.
Is that a bad thing?
Sure Apple wins....but so do I, my customers, and my employees.

Medical innovations for profit have greatly improved productivity in the care of patients.
Is that a bad thing?

When people are greatly rewarded for innovation you get lots of it,
when they are not greatly rewarded for innovation you get less of it.

[Christians4LessGvt]

Look at all these companies that are expanding and
creating new jobs because help from a capital company.
Of course as is the nature of free enterprise business
some fail and some succeed and a country's standard
of living increases the more successful their business
environment.

http://www.brentwood.com/Portfolio/CurrentInvestments.aspx

http://www.brentwood.com/Portfolio/RealizedInvestments.aspx

[Xavier_Onassis]

And whats wrong with that?

=----------------------------------------
When someone increases their productivity, the company OWES it to them to pass along some of that increase to the worker.

We already have a situation in this country in which 40% of the wealth belongs to 1% of the population. That is on a par with Portugal. It is NOT progress.

[Christians4LessGvt]

When someone increases their productivity, the company OWES it
to them to pass along some of that increase to the worker.

a company that does not take care of it's people
will eventually lose them to a better opportunity,
so if for nothing else, be greedy by showering
your employees with love, benefits, perks, & cash
and you will almost never lose them.

[Xavier_Onassis]

That sounds like what I said.

The fact is that nearly all the increase in productivity has gone to the top earners in this country for the past ten years or so.

Romney took over a paper company, fired all the workers and made them reapply for their former jobs. Those who were rehired mostly had to work for less. After a year, Mitt shut the whole thing down and ran off with the money.

That is not leadership, that is chickenshittery.