I was talking to a friend, and he mentioned that he'd hired an extra guy under the stimulus program.
"Yeah, they are paying 80 percent of his wages and overhead. It's a win-win for him and me..."
"...but then I fired another guy; he just cost too much compared to the new guy."
So we get + 1 job - 1 job = 0 new jobs, more profits for my friend and more taxes for us.
None of this would have happened if my friend wasn't encouraged to take advantage of this new program to "get America back to work." I'm guessing that this is happening across the country.
Bottom Line: You can't make jobs where there's no demand, but you can sure waste money pretending that you know what you're doing!
via aguanomics.com
I love when David Zetland makes my job easier.
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