RE: Tea Party: Hurt the President, don't hire
October 27, 2011 at 1:24 pm
(This post was last modified: October 27, 2011 at 1:24 pm by kılıç_mehmet.)
(October 27, 2011 at 11:30 am)5thHorseman Wrote: 'These guys are showing the public that Obama cannot solve the problem of unemployment'
Pretty sure it's the republicans stopping everything in congress, not Obama, that is the problem.
Well, even if they didn't, America's economy is centered around the private business system. So if the businesses think that they do not need to hire anymore people, they won't.
Those people who protest are probably people who are not in need of more employees, as you cannot run a business without reaching a bare minimum of employees to get the operation running.
If you employ less, you'll produce/sell less, if you employ more, you have to pay more wages.
That's also the case for bigger corporations. If two corporations are merged, many people will in return, become unemployed(but are being compensated for it depending on their business contracts), but that's just how it works down there.
So what can Obama actually do to decrease unemployment?
He has to create new jobs. And how do you create new jobs?
In here, it generally falls down to either Government investments, like state-owned factories, farms and etc. or foreign/domestic investors.
And since America is a capitalist country, if the domestic businesses cannot afford, or do not need to invest anymore, it falls to foreign investors to create jobs.
And to lure foreign investors requires for some major changes in tax policies and etc.(which would probably not allow for the healthcare reforms that he was expected to make).
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