ę Obama Gets Tough: Hey, Iran, Could We Have Our Drone Back Now? | Main | CAC's Monthly Projections-December Edition- U.S. President Ľ
December 12, 2011

Harry Reid: Millionaires Who Create Jobs Are "Actually Like Unicorns, Impossible to Find. They Don't Exist."

You know who's a millionaire?

Obama.

Also Nancy Pelosi.

And also, I think, Harry Reid.

Thanks to DrewM.

Stupid Is Contagious: Harry Reid is probably riffing off this insipid column, making the same claim.

Iím a very rich person. As an entrepreneur and venture capitalist, Iíve started or helped get off the ground dozens of companies in industries including manufacturing, retail, medical services, the Internet and software. I founded the Internet media company aQuantive Inc., which was acquired by Microsoft Corp. in 2007 for $6.4 billion. I was also the first non-family investor in Amazon.com Inc.

Even so, Iíve never been a ďjob creator.Ē I can start a business based on a great idea, and initially hire dozens or hundreds of people. But if no one can afford to buy what I have to sell, my business will soon fail and all those jobs will evaporate.

Stop the tape, stop the tape, Mr. Snerdley, as Rush Limbaugh says.

Guy says he's never created a job, and to prove that, immediately launches into a schpiel about all the dozens or hundreds of people he hires with a new project.

Then he says, well, you know, if they can't sell my product, those jobs disappear.

But you're a rich guy, according to your own self-description. That means that in a majority of your start-up ventures, you did not in fact go bankrupt, losing your original stake-money.

That means that in the majority of cases, those "dozens or hundreds" of people you hired kept their jobs.

This is remarkably stupid. This is America in the second decade of the second millennium.

I am actually moving away from the question of "Can America survive?" to "Should America survive?"


digg this
posted by Ace at 03:47 PM

| Access Comments




Recent Comments
WitchDoktor, AKA VA GOP Sucks: "So last week there was some debate about some flie ..."

Chris M: ""China should come to the plane."And H-bombs shoul ..."

Brother Cavil, Abbot of St. Costello-on-the-Hurlingbone: "[i]I would argue that she is maxed out and can't h ..."

Rob Crawford: ""Four year institutions focus on prestige, and tea ..."

FenelonSpoke: "Screw that. Bring back the workhouse. Posted by: ..."

Brother Cavil, Abbot of St. Costello-on-the-Hurlingbone: "[i]If the no-go zones in London get bad enough, th ..."

Burger Chef: "In Hollywood News: Looks like John Stamos is marr ..."

Darth Maxine[/i]: "[i]I would argue that she is maxed out and can't h ..."

rickb223 [/s][/b][/i][/u]: "If the no-go zones in London get bad enough, they ..."

Mary Poppins' Practically Perfect Piercing: "[I]Bring back trade schools. That's all. Post ..."

wth: "What if he learns to levitate? Bazinga! Poste ..."

Circa (Insert Year Here): "[i]BYU is worth considering.[/i] I think a sig ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64