Trust Private Sector to Create Jobs: RNC Chairman

[Ed Barrow]

Source: CNBC

Despite the recent financial crisis that brought the U.S. economy to its knees, Americans should trust the private sector, not the government, if they want a lasting jobs recovery, Michael Steele, Republican National Committee, told CNBC Tuesday.

"First off, don't trust the federal government to get it done. We're here on Wall Street, we are Main Street. Trust those people who built the economy in the past," said Steele. "The reality of it is people are losing jobs because of a lack of trust in the folks who actually create wealth in this economy."

The federal government has never created sustainable long-term jobs, but instead only creates government projects that do not provide a real jobs recovery, Steele said.

...

"There are bad apples in any situation, in any scenario, right? There's no doubt about that, but you cannot demonize ... the entire system because the regulatory process broke down, that individuals both in government and in the private sector got greedy and didn't do what they needed to do," said Steele. "...I'm saying trust the people who create the wealth and the economy of the country."



Read more: http://www.cnbc.com/id/37847500

[4dsc]

1. We've been waiting for over 9 years now..

conservative economics is killing America's middle class.. Fuck this clown

[superconnected]

19. +1

[Skittles]

2. "lack of trust in the folks who actually create wealth"

um, Steele, you ignorant piece of shit - those are the folk pimping of American jobs to the lowest bidders overseas

[muntrv]

3. Yeah! Trust the people who destroyed the economy to rebuild it!

:eyes:

[cheneyschernobyl]

4. Too funny!

:rofl:

Actually, I hope that steele heads the rnc for a long time to come...guaranteed Democratic victory in 2012!
:party:

[DesertDiamond]

5. Like that's ever worked???

[MisterP]

6. it's labor that creates value and wealth, which are themselves subjective and artificial

you bourgeois nose-picking self-parody

[Angry Dragon]

7. Trust us, we know what is best for you.............

[Historic NY]

8. Okay he is right they created jobs in China.

[Chulanowa]

10. No, they didn't.

They expanded slavery in China. I know it's not a popular sentiment on DU, but the Chinese, the Mexicans, the Indonesians, the Srilankans, all of 'em are as much victims of this shit as we are. Maybe moreso; I'd rather be unemployed in the United States than employed in a sweatshop under armed guard in Manila.

Global worker solidarity.

[Historic NY]

17. in their book being a slave is having a job....didn't we see that in Samoa

[atreides1]

18. And India

...and Mexico.

[JDPriestly]

9. In the last 30 years, most of the jobs that the private sector has

created have been created in India, China, Mexico and other third world countries.

That is our problem. They create jobs all right -- everywhere but in the U.S. where we need them.

[HughBeaumont]

11. CNBC . . . Michael Steele . . . delusional statement about employment - yeah, sounds about right.

Uh, Mikey? Times are tough because quarterly-profit-happy corporatists (you know, the ones who's shoes you lick regularly) gutted America and moved all industry south or overseas. 28 years of Reagan Laissez-fail turned this country into a boarded-up ramshackle heap. The wealthy currently enjoy the lowest top marginal tax rate in 75 YEARS and rewarded ("Trickled Down", if you will) the people with zero net job growth in a decade and stagnant real-dollar wages.

Corporate America is sabotaging American progress.

It really makes me wonder why people bristle at that suggestion. The very thought of it gives even some on here the hives.

Think about it: viewed in terms of the last 30 years, is it really all that far out of the realm of possibility? Especially with a decade that saw ZERO net job growth and has the potential for yet another just like it?

In all senses of the word, the private sector and it's excuse-ridden "free market" way of doing things has FAILED us and we have to operate in the sense that it's failed us for the last time. The fact is that America can no longer survive with this predatory way of doing business.

The wealthy are never going to stop hurting us. The reason they do this is not out of love or hate for their employees, because that would imply it's personal. It's something far worse than that: it's that they simply don't CARE about our situations. They simply do not CARE that weakening employee power and continuing to hold mass firings would kill their businesses. Big deal. They'll just drive down costs even further, cut until there's nothing left to cut, import workers until most positions are filled with visa holders, and ramp up productivity on those that feel they're priviliged and HAPPY enough to HAVE a job.

The Republicans who ran this country straight into a chasm, in all of their furious energy to compartmentalize and cheapen business, kind of forgot the notion of replacement. They never replaced the resources they gutted. They never replaced the occupations/careers they destroyed. They never wanted to update the factories to accommodate new technologies. That was never part of their plan. They didn't care about infrastructure, health care, education or social safety nets, because it didn't represent direct profits to THEM. Since they don't see direct benefit to raising our wages, they've stagnated them for three decades straight.

We ask "How will this help the greater good?". The RNC asks "How will this make ME rich??"

[truthisfreedom]

12. "...I'm saying trust the people who create the wealth and the economy of the country." Translation:

Drink the koolaid.

[Thor_MN]

13. Time to catheterize the rich, that trickle down stuff has stopped up.

[JustABozoOnThisBus]

14. I actually do trust them to create jobs ...

in India, China, South America.

But not here.

:hi:

[PassingFair]

15. Anyone out there got a good recipe for Bootstraps?

Steele wants us to survive on them, apparently.

"Trust the people who create the wealth."

:rofl:

[tanyev]

16. Heck yeah! Look at all the jobs that BP has created in the Gulf recently.

[superconnected]

20. Maybe I was blind before but it used to not be like everytime the RNC said something they were

seriously backwards. Now it certainly is. I'd have to grab for something they've said over the last few years that isn't fubar. Did they ever have a valid opinion? I mean, I'm convinced now that if you took the RNC off of it and never knew they or their constituents were the ones saying something, what they said would still come off as highly backwards from reality.

This backwards view of reality coming out of politicians is scary.

I admit the dems have said backwards things in the past but never with consistency.