Why meeting a Payroll Matters

I have been very critical of Barack Obama. But I will cut him some slack. Before he was elected I said that other than his gross inexperience my primary concern of him was that he had no experience in real life, had never met a payroll, didn't grasp basic economics. So I guess we have to explain away his incompetence in things economics. I hoped he would get past it.

Pitifully it has come to pass. He still hasn't figured out basic business 101.

And he was so far out of his depth when he made this comment during his "Jobs" meeting (at the 2 minute mark) that "Proof" noted:

Part of what’s happened also among a lot of companies, is they figured out how to squeeze more productivity out of the workers that they’ve got. They’re working people longer hours, they’re doing more overtime… or not, but either way, they’re producing the same amount of product or providing the same services without hiring more people. That’s something that we really going to have to work on.

Spoken like a man who’s never had to meet a payroll! In fact, in nearly every company I ever worked for, as they were growing, there were times when our customer base had expanded, but not quite enough to justify hiring new people (profitably) to take up the slack, and until that happened…mirabile dictu some of us ended up working longer hours or overtime…or not… to provide goods and services to our customers! What a bumpkin! How naive can you get???
If Obama is really serious about “working on” the problem, he can lower taxes on corporations so that they can hire more people to provide better goods and more services and still maintain a margin of profit. Also, he can stop threatening to tinker with the American healthcare system, to give employers the confidence to be able to rationally calculate what it will cost to hire those additional workers, over time, as opposed to wondering what new government regulation or requirement might bankrupt them!

Oh, yeah. And while you’re at it? Drill here. Drill now.