Mark DeVol Responds to President Obama's Jobs Summit
Andersonville, TN - December 7, 2009 - U.S. Congressional District 3 candidate, Mark DeVol responds to President Obama's Jobs Summit.
At the recent jobs summit, President Obama commented: Despite the progress we've made, many businesses are still skittish about hiring. Some are still digging themselves out of the losses they incurred over the past year. Many have figured out how to squeeze more productivity out of fewer workers. And that cost-cutting has become embedded in their operations and in their culture. That may result in good profits, but it's not translating into hiring and so that's the question that we have to ask ourselves today: How do we get businesses to start hiring again?
The answer to your question Mr. Obama is rooted in the basic principles of free market capitalism. The primary function of any business is to generate profit which is adequate to sustain the businesses long-term growth. As a result, stability and confidence in the markets is realized which results in hiring.
The American small business owners, which account for 80% of all private sector jobs and 70% of all jobs currently being created, are not skittish about hiring. When government spending accounts for nearly one out of two dollars spent, the result is a limited supply dollars for the production of goods and services. Un-like government, small business owners cannot print, appropriate, or borrow money to operate.
In this present crisis, government is not the solution to our problem; government is the problem. Ronald Reagan