Shellacking: The Leader of the Free World Meets Corporate America

Obama met with CEOs of a wide range of companies, from Google to General Electric. And he, in a 5-hour meeting, begged them to start hiring.


Here was their response. Apparently, to create jobs, "more consumer demand and less-burdensome government regulations still are needed." So, which came first, an activist government or a bloated private sector?


Don't get it? Lemme explain. See, the US government has continuously been slashing regulations as early as the dawn of this decade. Yet, these fat cats still want "less-burdensome government regulation?" Does that make any sense? If these regulation are slashed...sure, they'll get their money and they'll make jobs...but how many of those jobs would actually be worth having. Running on the greed principle, the more money people get, the "cheaper" they get. So, they are less likely to give benefits or salary promotions. 


And, here's the best part. The CEO of Motorola, Greg Brown, in a recent CNN interview, said something of this sort: a hike in outsourced jobs, would help increase American jobs. So...if corporations were to hire more people in India or China, they'll have the money to hire some people in America.


But, ladies and gentlemen, let's not forget that money surely cannot be the issue here. These corporations are multi-billion dollar enterprises. I'm sure we can apply the greed principle here. We have to. These guys are getting so much money, deregulating, sure, might allow them to get even more. But, that doesn't mean they'll create jobs...or at least on American turf. 


So, yes, Barack Obama and the rest of the American government are completely powerless in this aspect. They cannot convince these corporate maniacs anything. They are greedy and work for one thing: money. Not the government, not the country and, certainly, not the American people. How helpful is ambition and greed in a free market?

[$51.63B (Goldman and Sach's revenue from 2009)-$13.39B (net income)=$38.24B/$87049 (avg. salary for a current employee at G&S)=439.

It should spur 439 jobs...in a year. But, where are these jobs? How does this "system" help itself? See, we can all do the math, but only a very few of us can do anything in practice. After all, we're not all CEOs of multi-billion dollar corporations.

WASHINGTON — Nearly five hours of top-level talks between the leader of the free world and the leaders of the corporate world Wednesday produced agreement on two fronts: They're making slow, steady progress toward a growing economy. And they've got a long way to grow. 

At a meeting across Pennsylvania Avenue from the White House, 20 corporate leaders told President Obama that more consumer demand and less-burdensome government regulations still are needed before businesses can create millions of new jobs and reduce the 9.8% jobless rate. More>