If you are confused by the title of this post, don’t feel bad, you should be. It is the most recent statement on economic policy by President Obama. A President that has next to nil experience in the private economy of the United States, not even a lemonade stand. He is an agitator, and a very good one. He agitates many Americans with statements like this.
Let’s look at and analyze the suggestion of “building the economy from the middle out, not the top down.” If you look at this statement from a purely political perspective, he is attempting to divide Americans by class and agitate people to blame the “top.” The top being the “rich”, the rich being the people that create the jobs. This president has no problem with the rich that donate to his campaign, and the rich people he gives our tax dollars to for businesses he supports, like solar companies, but the rest of the “rich” he despises. The people that actually create jobs from the “top down.”
“Top down” job creation is actually not top down; it is from “nothing to something” job creation. It is people that take an idea and put it into action which attracts customers to purchase that idea, and then it grows, and the person that started from nothing has something that they need help to keep growing. Whew! Did you follow that? That is where the person that took “nothing to something” now hires people and like magic you have job creation. These people are to be celebrated, not demonized or ignored as the president wants to do in his newest transformation as a job creator from “the middle out.” Creating jobs from the middle out?
How do you create a job from the middle out? In the real world the only way that happens is that a worker leaves the current company they work at and start their own company. If the person from the “middle class” steps from that job to take the risk of opening a business, they have now become the “top down.” They are the owner, entrepreneur, CEO, sole proprietor, etc…, and no longer are in the middle. Starting a business puts you at the top. That’s how I see it and how any sound business person would interpret the President’s message of “middle out”. But we would be wrong!
What the president is suggesting is that we need to grow the “middle” without the “middle” stepping out and creating new companies. He is saying that the government must “invest” (tax dollar confiscation from the “top”) to add people in the “middle” without the “top” creating new jobs. The only way you can do that is to transfer wealth from some other source. There are two choices: the taxpayer and the “top.” Both of these choices creates nothing new and destroys the wealth creation you already have. The pie doesn’t grow it just gets sliced up in a different configuration. The pie actually gets smaller because the “top” leaves and finds a better country to do business or just stops doing business because they are punished for their success.
This is economics 101 and a class the President obviously failed or skipped to hang out with his fellow agitators at Harvard. Actually it is part of the left, liberal, social democratic plan to destroy the wealth of this nation and put government in control of a failing economy. It is all about power, envy, and contempt for our capitalist, constitutional republic. It is because the left despises freedom, free markets, and limited government intrusion in our lives.
This President is an economic genius for the political philosophy he embraces. He is a failure to the people that love and believe in this country. His term can’t end fast enough. I just hope our economy can absorb another three years of this president’s attempt to destroy it…