5/18/11

Something is wrong with this picture

I saw Immelt on TV talking about jobs. He was tapped by Obama to focus on job creation and U.S. competitiveness.

Something was wrong. What was happening? Where am I living? Is this the same country I decided to live in, immigrating from Italy?

Can the government engineer new jobs? Can the chairman of a major corporation greatly exposed to financial instruments and benefiting from the government largess teach us how to create jobs? Don't we know that the larger the reach of the government, the slower the economy grows?

This is a well proven fact. Check all the countries in the world. The higher the concentration of business (corporatocracy) and government power, the slower the country grows.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

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1 comment:

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