BAIN CAPITAL, JOBS AND YO MAMA

HOW DARE HIM BE SUCCESSFUL

President Obama was on the stump yesterday, whelping his battle cry: "Bain Capital outsourced jobs." This is the modern day political equivalent of screaming "Yo Mama," when one is not clever enough to manufacture a non-nonsensical comment.

I have always been argumentative ( some might say cantankerous, but it is really my love of humanity that drives me to tell others how to think).   Being always RIGHT about pretty much everything, I have spent a lifetime helping people by correcting their wrong  headed ideas and letting them know how  stupid they are. Most always, the recipients of such helpful instruction have appreciated my kindness and generosity in "showing them the light." I can remember playing football in high school, razzing another player, if they had no clever comeback, the dullard would simply say "Yo Mama."    President Obama has no "comeback" to the dismal economy he created, so he merely screams "OUTSOURCING! " He might as well say "Mitt Romney- Yo Mama," and sit down because it would be just as idiotic.  ( For the proper ettiquette on when one is allowed to say "Yo Mama," see post script below).

There is nothing wrong with outsourcing. The goal of business is to create PROFITS, not jobs. Profits create opportunities (jobs) for others as the free flow of capital will naturally flow to where it will be deployed most efficiently. The role of a business owner is to deploy whatever capital he has as productively as possible. No business owner sets as his goal to create "jobs," nor should this be a primary concern of any business owner: the pursuit of profits is  the sole motivating force behind all business. 




Bain Capital and Joe the Dry Cleaner must produce a product that people buy on their own volition. This is not easy to do, especially as Bain and Joe have many competitors trying to sell their products to the same people. The drive to achieve these sales and beat the competition are the essential stimulants to productivity; which demands an efficacious use of resources. If outsourcing labor functions to China eliminates waste and inefficiency by driving down labor costs (thus enhancing productivity), then jobs must go to China. The people who lost their jobs to China must find a way to be more productive by producing a service that an employer will pay for, thus making sure that labor is being as productive as possible. This push to be productive enhances societal evolution and creates human dignity.  Capitalism is a continuous cleansing process, washing away waste and inefficiency, forcing  us all to be productive in our output of our energy and resources.  It is the vibrant engine that has created the largest explosion of wealth in the history of mankind.



DYNAMIC CAPITALISM

 What President Obama is effectively saying is that Romney should have made the products and services that Bain produced more expensive to buy in order to keep unproductive people unproductive.  This is idiotic. Moreover, outsourcing is more than a Zero sum game, as the products produced are then resold to American consumers at low prices, creating more wealth (capital) to be deployed in other areas. Each unit of wealth produced creates more opportunity for greater wealth, as each widget produced overseas ( a unit of capital) is then shipped back to the US where free people make money handling that product/unit of capital.  This  rising tide of  economic opportunities ultimately creates jobs and dispenses greater wealth to all elements of society as every dollar of profits produced HAS to be deployed in the greater economy. Think about it: you make a dollar, it either goes in the bank where it is used to provide capital to others, or it is used to buy a product, say a Diet Coke, where the purchase supports a chain of production starting with vanilla bean growers in  Madagascar, to shipping, trucking and rail providers, insurance entities, aluminum can producers,  convenience store operators, etc. That one dollar of profit is responsible for a small fraction of the salary of literally millions of workers.

Go Live In France
PLEASE!!!!

Capital in a free market is not static. The invisible hand of the market place is contstantly at work molding and shaping capital to be as productive as possible, analysing trillions of bits of information every minute to produce what society wants and needs.  One cannot view outsourcing in a simplistic, myopic way by professing that each job shipped over seas  takes away a job in the United States. This is silly, sophomoric, insulting and down right STUPID.

I think Barack Obama should be outsourced to France.

ROB


POSTSCRIPT:

See Page 67 Above On "Yo Mama"
Rules of Etiquette 

The etiquette on being allowed to say " Yo Mama" is well established. In basketball,  one  gets to say "Yo Mama," when you have done something good. It is perfectly proper to say "Yo Mama" when you score on somebody or block their shot, but you don't say "Yo Mama" when you get called for traveling or shoot a free throw and miss the rim. It's stupid. Barack Obama, a socialist ninny who hates business and is presiding over the worst economy since the Depression is lecturing Mitt Romney, tremendously successful venture capitalist on job creation. It is vulgar breach of Yo Mama ettiquette.










 

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