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Discussion: (35 comments)

  1. Robert puharic

    Some of your proposals makes sense; some don’t. Spending money on infrastructure is so obvious it’s only conservatives who are against it (not all of them!). Oppressive licensing requirements? Makes sense, but I’d like to see the numbers about how many jobs are being held up because of this.

    More high skill immigrants? HI-B visas? We don’t need more scientists and engineers. I’m in the engineering field and it’s pretty well saturated. Unless you’re talking importing billionaires, that proposal won’t create jobs.

  2. The government needs to stand aside and allow capitalism to bring us back to a robust economy. We need less government not more regulation. Regulation is about predetermining winners and losers. Since there is no evidence presented that current overtime pay regulations are somehow holding back the economy or perhaps a friend of a friend of an Obama regime official has a personal complaint, that change for the sake thereof, is required or even desirable.

  3. Benjamin Cole

    Print more money.

  4. Seattle Sam

    So let me see if I understand this, Mr. Hammermesh. If the University of Texas cut back your responsibilities and pay to hire more associate professors and teaching assistants, you’d think that was a good thing because it “creates jobs”? Really? Then the ultimate job creator would be if got to a one:one ratio of classes and professors? Why don’t you propose that to the U of T?

  5. mesa econoguy

    Another fantastically stupid idea from a stupid president.

    1. Seattle Sam

      George Orwell said it best:

      “There are some ideas so absurd that only an intellectual could believe them.”

      This administration seems wedded to the proposition that jobs become more plentiful by making it more expensive for employers to hire. We’re supposed to take any of these things seriously?

      1. mesa econoguy

        Their underlying faulty premises are that companies & businesses exist to provide jobs, and that companies don’t respond to cost incentives.

        It would be absolutely hilarious, if the problem weren’t already so serious.

        1. Todd Mason

          The underlying fallacy is that an enterprise dedicated solely to profit will not exploit investors, workers and consumers in a competitive race to the lowest common denominator.

          Or as Alan Greenspan said of the banks’ and Wall St.’s stampede into mortgage-backed crap: “Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity, myself included, are in a state of shocked disbelief.”

          1. Todd Mason

            Make that xxx dedicated solely to short-term profits xxx

            Once upon a time, the director of the First National Bank of Opossum MD were smart enough not to sh*t where they eat.

          2. mesa econoguy

            Turd, please explain “competitive race to the lowest common denominator.”

            And whom do you suggest should arbitrate your (ignorant) belief regarding business intent?

            A benign, benevolent regulator?

          3. Seattle Sam

            Do you object when customers dedicated solely to minimizing their costs exploit businesses in a competitive race to the lowest price for what they’re buying?

          4. Todd Mason

            “Do you object when customers dedicated solely to minimizing their costs exploit businesses in a competitive race to the lowest price for what they’re buying?”

            Well, I thought that ‘s how free enterprise works, but the answer is depends. Price is only half of the value proposition, and quality of service is a big piece of the second half. (Hint: The customer is always right.)

            ” please explain ‘competitive race to the lowest common denominator.’ ”

            How about an example? The world was introduced to slamming shortly after long-distance telephone service was deregulated in the ’80s. That’s when Grandma says no but that wily salesman puts in the paperwork to switch her anyway. States started to keep logs on which carriers were generating the most slams. Fast forward a couple years and the winner was … AT&T! The former monopolist hired contractors to do the slamming but the point was clear. If getting down and dirty was what it takes….

            Someone has to set minimum standards. Why is it do you suppose that “salaried” workers who make less than $455/wk must be paid overtime? Could it be to prevent a massive, exploitative switch?

          5. mesa econoguy

            Your example is unclear and poor, Turd.

            Are you asserting that consumers (your hapless fictional “grandma” is exhausted from your constant browbeating) were worse off with choice and being “slammed,” and better off without choice?

            You also fail to take into account the price effects of deregulation, airlines being the best example. Ticket prices and service improved dramatically. There are many more examples.

            Someone has to set minimum standards.

            Ah yes, the omnipresent and omniscient “someone” backstop of leftists. It’s ok Turd, you can just go say it – government. We know what you mean.

            So you believe government should set minimum standards for pretty much every industry, everywhere in the country and economy.

            Interesting. We have a lot of that already, along with armies of regulators. Unemployment is 14% and the economy is stalled.

            Have you ever considered the fact that 1) your belief is wrong, and 2) causing the problems you so desperately wish to solve?

            Could it be to prevent a massive, exploitative switch?

            Why do you believe these people are being “exploited?” You need to define the term. And what makes you think government doesn’t exploit people?

          6. Seattle Sam

            How exactly can I be exploited? My compensation and time devoted to earn it are either acceptable to me or not. Are you saying that someone who works 50 hours or so a week for $1000 can’t figure out that they’re getting $20/hour?

          7. Todd Mason

            Well, Seattle Sam, some years it’s chicken for workers and some years it is feathers. At the moment, absent a better job offer, it’s feathers. Kinda in line with the wingnut too-lazy-to-work trope. Takes a job offer.

            Ummm Mesa. Choice only works if Grandma gets to make it. Who is to say she is being slammed to a better LD carrier?

          8. mesa econoguy

            Choice only works if Grandma gets to make it.

            Ummm Turd, she didn’t get any choice under Ma Bell, did she?

            Who is to say she is being slammed to a better LD carrier?

            Nobody. Slamming was wrong, and she could switch.

            Who are you to decide she’s better off with government monopoly?

          9. mesa econoguy

            Turd, this is really quite easy:

            Freedom of Choice

            Turd wants freedom from choice.

          10. Todd Mason

            Look Mesa. You asked how a competitive race to the lowest common denominator works. I showed with one example among many. (What’s in your hot dog vs what COULD be is another.) Now you want to change the subject to deregulation. I’m thinking we’d devolve to the subject of Marvel comicbooks before you can hold your own, so thanks but no thanks.

          11. mesa econoguy

            No, you didn’t Turd. You gave an uneconomic opinion, based on nothing other than your personal preference. This is what we refer to in economics as “utility.”

            This is an economics blog, and if you cannot economically defend your arbitrary assertions, I shall have to ask you to stay.

            Because you are an increasingly easy target.

          12. Todd Mason

            The first law of economics. For every economic theory, there is an equal and opposite theory.
            The second law of economics. They are both wrong.

          13. mesa econoguy

            Turd, please.

            The economist joke is, on one hand, and on the other…..etc.

            Newtonian mechanics has nothing to do whatsoever with economics.

            You would have been slightly witty had you suggested Heisenberg uncertainty with parallel universes and 3 hands, but FAIL.

          14. Todd Mason

            The Austrian school walked ten paces from the barn, turned, shouldered their muskets and …. Mises, Dummkopfs! Nottink but Mises.

          15. mesa econoguy

            Ja,und wer haben zwei grosse buben.

            Habst du eighentlich etwas important zu sagen, oashloch? Oder die gleiche scheisse?

          16. mesa econoguy

            Ich hab’s nicht kapitolisiert oben, so ‘schuldigen.


          17. mesa econoguy

            Doch, Turd.

            Mein Freund Juandos gibt mir


            You would do well to learn from it. And him.

          18. Todd Mason

            Make that “kapitalisieren” among your many other misspellings. Mesa: poorly schooled in two languages.

          19. mesa econoguy


            Fich dich.

            Oaschloch. Nochmal.

          20. Todd Mason

            Gotta admit your foul mouth is less offensive in German.

          21. mesa econoguy

            I had the strangest dream last night that Turd went full Eurotard and started criticizing spelling in a language he doesn’t even speak.

            Oh, wait….

            Turd, you’re a moron in any language.

          22. Todd Mason

            Mesa’s father: “You took my money for tuition from me and then used it to party?
            Mesa: Hey, you increased the money supply and I misallocated it.

          23. mesa econoguy

            Turd’s whore wife: Honey, did you get the foodstamps yet?

            Turd: No, dear, the kids blew it all on drugs before we got to the car.

          24. mesa econoguy

            Guess you whore wife will have to go sell herself some more to make up for the shortfall, Turd.

            Geriatric call girl can’t be a real big market, though. How do you survive?

          25. Todd Mason

            Cribbed this from Wild Weasel on Reddit. Changed the name to impune the judgment of a certain dogmatist on this thread.

            “Mesa was walking home one evening and came upon a clearly depressed man standing at the edge of a bridge, looking like he was about to jump. I called out to him to wait, and ran over to see what was the matter.
            “It’s this country,” he lamented. “It’s falling into ruin and there’s nothing I can do about it. The election was the last straw. I don’t want to live on this planet anymore.”
            “Man you are so right,” Mesa said. “Say, are you a conservative, or a libertarian?”
            “A libertarian,” he said.
            “That’s great!” Mesa said. “See, you’re not alone. Are you a free-market libertarian or a libertarian socialist?”
            “Free-market libertarian,” he said.
            “Me too!” Mesa said. “Paleo-libertarian or neo-libertarian?”
            “Paleo-libertarian,” he said.
            “Hey, so am I!” Mesa said. “Chicago or Austrian school of economics?”
            “Austrian,” he said.
            “Me too. Hayek or Rothbardian strand?”
            “Rothbardian,” he said.
            “Same here,” Mesa said. “Are you a consequentialist or deontological libertarian?”
            “Consequentialist,” he said.
            So Mesa said, “Die, statist scum!” and pushed him off the bridge.

  6. Poor todd, he doesn’t have the slightest idea of what is going on in the real world…

    The Obama overtime plan seems kind of underwhelming“…

    Well Jimbo doesn’t also strike you that Obama’s attempt at minipulating wages by decree as more than a bit illegal?

    1. Todd Mason

      And Juandos the Juander dogmatist Juance again contributes …. nothing.

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