The Job Creator's Tragedy

It's tough being a job creator these days. High taxes make it virtually impossible to hire more workers and an atmosphere of uncertainty is discouraging more investment in capital. Nobody would propose raising taxes on job creators under these conditions, right?

George Washington oversees the "car in the ditch" economy on Wall St / September 16th, 1920

That's the setting for the latest tragedy, that is. The job creator, ever heroic and noble, is accosted at all sides in his attempt to get the economy back on track. He confronts the Hydra of government and the armies of ignorance in his uncompromising quest to get the economy back on track. And this truly is a tragedy - our hero could perhaps be known as Supervacuo, and his tragic weakness - the fact that the job creator has absolutely no interest in creating jobs.

May Day 2011: If They Tell You You Can't, Then You Can

Today, I got a chance to momentarily leave my armchair and rise up with my fellow discontents. May Day 2011 saw a motley crew of 300-500 core Richmond leftists hit the streets. There was much ado about the police this time around: namely, the police claimed that protection had to be purchased, and the organizers had to foot the bill. The ACLU even got involved, ineffectively. By the time the rally came about, it seemed like we were already fighting for a lost cause, despite how little the permit meant.

 "I couldn't help but wonder: would we have gotten better turnout if we had been campaigning for fly-fishing somehow?"

It was the same message, the same tactics, the same speakers. A few things were new, but they were scant in today's message. The open-source speaking program policy looks good on paper (and is probably the best way to keep from pissing people off when their pet group doesn't get 5 minutes). But just about everybody seemed ready to skip most of the speakers and hit the streets.

Krugman on the Failure of Austerity

Krugman points out that austerity measures have reduced employment(HT:Brad Delong):

"Portugal’s government has just fallen in a dispute over austerity proposals. Irish bond yields have topped 10 percent for the first time. And the British government has just marked its economic forecast down and its deficit forecast up.

"What do these events have in common? They’re all evidence that slashing spending in the face of high unemployment is a mistake. Austerity advocates predicted that spending cuts would bring quick dividends in the form of rising confidence, and that there would be few, if any, adverse effects on growth and jobs; but they were wrong."