Note that self-employment rose in the last month by 118,000. How much of that number is trinket selling on Ebay or other self-employment with no real income?
Welch, who helmed GE for 21 years and founded the Jack Welch Management Institute at Strayer University, penned an op-ed article for Reuters with wife Suzy Welch this week in which he tackled the idea of Obama’s enemies list.
Mr. WELCH: I want to take this administration out. They don't understand how to create jobs. They don't understand to grow this--America is on fire. America is still the greatest country in the world. And we have everything going for us except a government that is not supportive of capitalism.
I live in Chicago. It’s home of machine politics. Politicians of course will tell you there is no machine but they are full of Obama stimulus. Normal Chicagoans that try to do business in the city will quote you chapter and verse stories of graft and payola. Chicagoans know how the machine works.
Deeper down, he’s basically saying no to the declinists and pessimists who seem to populate the economic landscape these days. Big government doesn’t work. Let’s try something different.