Archive for the ‘Capitalism, Not Socialism for Jobs’ Category.

Wynn On Obama Ill Be Damned If I Want To Have Him Lecture Me

Watch this short video in which Steve Wynn, CEO of Wynn Resorts, criticizes the incumbent president.

”I’ve created about 250,000 direct and indirect jobs according to the state of Nevada’s measurement,” Wynn said. “If the number is 250,000, that’s exactly 250,000 more than this president, who I’ll be damned if I want to have him lecture me about small business and jobs. I’m a job creator. Guys like me are job creators and we don’t like having a bulls-eye painted on our back.”

”The president is trying to put [...]

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John Stossel – A Framework For Job Creation From Governor Mitch Daniels

Here are the main points of the video:

The economy isn’t some machine that needs jump-starting. The economy is people, and people create jobs. Hong Kong is a great example. Fifty years ago, they were as poor as China. They have no natural resources. Now, the personal income of Hong Kong is higher than Canada or Australia. Was this created because of Obama-like government “investment” and job creation? No. It was achieved through free enterprise.

Government doesn’t create jobs or wealth. Daniels says we must moderate government spending and [...]

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The Surprising Moral Case for Free Enterprise

In this short video American Enterprise Institute President Arthur C. Brooks explains we’re in a moral battle and why we can win the fight for free enterprise.

Based on his best-selling book The Road to Freedom, Brooks makes the following points in the video:

The free enterprise system is the best system devised for creating prosperity. There is plenty of data to prove this. However, we are barraged by stories of sick kids and families that can’t make ends meet and CEOs that spend millions to decorate their offices. It’s [...]

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Obamanomics A Legacy of Wasteful Spending

Unemployment_Rate_With_and_Without_Recovery_Plan

This short video from the Center for Freedom and Prosperity documents the wasteful spending from the so-called stimulus legislation and explains why government spending hurts economic performance.

Here are the main points of the video:

When the $831 billion stimulus bill passed, it was promised to save or create 3-4 million jobs. Obama predicted that the stimulus would keep unemployment below 8%. Instead it peaked at 10% and still remains at 8.3%, as shown below.

Therefore, the stimulus bill failed. Why? Consider the following:

It replaced windows in [...]

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I, Smartphone

I, Smartphone is a video based on the essay “I, Pencil” penned by Leonard Read in 1958. Big Government cannot control an economy. Only Free Enterprise with millions of participants working independently can produce the infrastructure to devise, manufacture, and distribute a smartphone.

Here are the main points of the video:

No one person on earth knows how to design, manufacture and transport a smartphone.

Designers in California, New York, and England create a prototype. The plastic casing is made from crude oil pumped from Canada, Texas, and Russia. [...]

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Whole Foods CEO John Mackey on The Moral Case for Capitalism

At FreedomFest 2012 (for 2,000 limited-government enthusiasts and libertarians), Reason’s Matt Welch sat down with Whole Foods CEO John Mackey to discuss why capitalism is viewed poorly and how to alter the misperception. Mackey is trying to make people understand that business creates value. He wants business to be elevated to a proper place in society.

Here are the points that Mackey makes:

Mackey says that there seems to be something in human nature that wishes to restrict other people’s choices (addressing the source and nature of food [...]

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Wealth Creation

Los Angeles in 1862

In Part 3 of the series, Bill Whittle shows how wealth can be created from thin air. Only businesses create wealth by selling goods and services. This creates jobs. Government cannot create wealth; it can only transfer resources.

Here are the main points that Whittle makes:

The fundamental divide between liberals and conservatives is about wealth. Most liberals believe that wealth is limited and fixed. If someone has more, then someone else has less. The rich steal from the poor. Conservatives believe that wealth is created through invention and [...]

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