AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Someones gotta work at McDonalds.
If you build an army of 100 lions and their leader is a dog, in any fight, the lions will die like a dog. But if you build an army of 100 dogs and their leader is a lion, all dogs will fight like a lion.
If McDonalds is hiring 50,000 people - good for them. I do not eat there. I would not work there. But its a start and 50,000 jobs at 8 bucks an hour is better than no jobs at zero dollars an hour.
Having said that, there is previous little future for America as a nation of 310 million people if the only job growth is in the area where you need to say "do you want fries with that burger" or "welcome to Walmart". We cannot be a nation of minimum wage jobs with the prospect of a career in management dangled in front of us like a carrot in front of a starving person. Its not a recipe for a healthy and long term sustainable economy.
We happen to live in a democratic republic where people vote. Many here complain that it is wrong that those who do not pay federal income taxes can vote to take away the wealth of those that do. So what are you going to do to make sure that the angry masses do not do just that? Take away their right to vote as some here fantasize about? Hardly works except in a nightmare scenario which destroys American in the process.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
Its times like this I'm pretty thankful McDonald's isn't unionized. Can you imagine the **** storm that would create?