Actually, I'd say that politicians are paid to create jobs, though not directly. You'll notice that when the economy sucks, politicians tend to lose their jobs. Of course, they get replaced by politicians so it is sort of a zero sum game there, but if you want to keep your job as a politician, making sure there are jobs in your area is one of the key points. When people lose their jobs, they get cranky and rightly so. At least politicians are paid to supposedly look after the general welfare of the people. Whether they do that or not is another matter. CEOs are not paid to promote the general welfare, create jobs or give the slightest shit about you.
Generally speaking, I tend to pay attention to economists the most in this area as they really do study job creation. Of course they aren't usually hired and fired for their job creation but they tend to actually pay attention to the forces that create and lose jobs. I respect the opinions of many CEOs, mostly in the small and medium sized business arena. There are some shrewd folks who pay a lot of attention and know where the chickens come home to roost. Most Fortune 500 CEOs, unfortunately, are now entirely divorced from the cares of normal market forces and creating jobs has no impact on their personal success. In fact, keeping and creating jobs can often be seen as a professional negative because of the costs associated with them. In the end, I just can't take advice seriously about business and finance from people who still bring home $10 million in bonuses in a year that their business crashes and burns. Btw, I'm sure that you could go and write the same insipid article as "Why CEOs love Obama" and cherry pick quotes from CEOs that give money to Democrats. Companies tend to support Republicans/Democrats by industry (with some noteable exceptions like NewsCorp that is a big Republican supporter in an industry that tends Democratic). Just go here, look at the companies that lean Democrat and cherry pick some CEO quotes and, viola`, you've got your self-selecting article: http://www.good.is/post/see-which-companies-give-money-to-which-political-party/ Judah On Wed, Sep 22, 2010 at 3:45 PM, Scott Stroz <boyz...@gmail.com> wrote: > > Politicians are not paid to create jobs, nor is it really their area > of expertise, so why trust their judgement? I think the people who run > companies (not just CEOs) are vastly more qualified to intelligently > discuss job creation than most politicians. > > On Wed, Sep 22, 2010 at 6:41 PM, Judah McAuley <ju...@wiredotter.com> wrote: >> >> If those CEOs were actually paid to create jobs, I would agree. But >> they aren't, therefore it isn't really (necessarily) their area of >> expertise. >> >> Judah >> >> On Wed, Sep 22, 2010 at 3:38 PM, Scott Stroz <boyz...@gmail.com> wrote: >>> >>> I would think that the people who run the companies that would >>> actually be creating the jobs might have a better idea than >>> politicians would about how to create jobs. >>> >>> On Wed, Sep 22, 2010 at 6:33 PM, Judah McAuley <ju...@wiredotter.com> wrote: >>>> >>>> Uh, yeah, like CEOs of big companies know dick about fiscal >>>> responsibility and job creation. >>>> >>>> You must be a big fan of Carly Fiorina who is campaigning about >>>> understanding business and job creation after she drove HP into the >>>> ground, cashed out big and has spent $120 million dollars to trail in >>>> the polls to a has-been ex governor. >>>> >>>> Judah >>>> >>>> On Wed, Sep 22, 2010 at 3:19 PM, Robert Munn <cfmuns...@gmail.com> wrote: >>>>> >>>>> CEOs feel under siege and that is holding the economy back. Here are a >>>>> few gems below. I especially like what Rodgers from Cypress Semi said, >>>>> maybe because it is what I have been saying for the past two years. >>>>> >>>>> http://articles.moneycentral.msn.com/Investing/CompanyFocus/why-CEOs-cannot-stand-obama.aspx >>>>> >>>>> Consider the following attacks on Obama and the Democrats in recent >>>>> months: >>>>> >>>>> * Intel CEO Paul Otellini, referring to Obama and the Democrats, >>>>> said in an August speech to the Technology Policy Institute's Aspen >>>>> Forum, "I think this group does not understand what it takes to create >>>>> jobs." >>>>> >>>>> * Verizon CEO Ivan Seidenberg, in a June speech at the Economic >>>>> Club of Washington, accused Obama of creating an "increasingly hostile >>>>> environment for investment and job creation." >>>>> >>>>> * Cypress Semiconductor's Rodgers told me last week that he had >>>>> "started out happy with Obama because we had broken through the white >>>>> male barrier" and made "a step forward for equality." But Rodgers >>>>> added: "I have become deeply disappointed with him. It is amateur hour >>>>> in Washington. The guy hasn't got a clue about the economy, how jobs >>>>> are created, how wealth is created. It reminds me of the Jimmy Carter >>>>> years, only worse." >>>>> >>>>> * Blackstone Group CEO Steven Schwarzman seemed to compare the >>>>> Obama administration to Hitler by saying in a recent private meeting >>>>> that Washington's push to increase taxes on private-equity firms is >>>>> war, "like when Hitler invaded Poland in 1939," according to N >>>> >>>> >>> >>> >> >> > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:327727 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
