I guess chasing all the capital out of the country wasn’t such a good idea. Those 6 weeks of government mandated vacation sure were good while they lasted.
In an article entitled Washington, DC, The Land of the Well Educated Rent Seeker, I say that Washington, DC reminds me a lot of the gleaming capital in The Hunger Games movie.
It is not news that President Obama does not understand economics. Nor is he alone in not understanding the role of profits in an economy. But anyone who wants more employment will want to maximize profits. Profits are a leading indicator for employment. If businesses are making more profits, they will have the money to pay workers, give raises, and above all hire new workers. Moreover the profits will give the businesses an incentive to do all these things.