“Soft despotism is a term coined by Alexis de Tocqueville describing the state into which a country overrun by "a network of small complicated rules" might degrade. Soft despotism is different from despotism (also called 'hard despotism') in the sense that it is not obvious to the people."
Friday, November 13, 2009
Obama needs a forum to figure out jobs creation. Understandable, he never had a real one.
Chin up. Another forum. The polls are showing growing anxiety over the absence of job creation. Obama has created some jobs and saved others, but they are in the only area Obama understands, the public sector.
Public and government jobs do little to stimulate the economy. One year into his presidency and Obama still has no clue as to how to create sustainable new jobs.
The chart below shows the creation and destruction of US jobs over time. In bulk terms, every job created from 2004 until July 2007, has been lost. That is six million jobs.