Economics for Politicians Part 5 – Businesses are Greedy – That’s Not Necessarily a Bad Thing! [Reader Post]

Today we’ll be covering one of the favorite memes among the left, the notion that business are evil, greedy entities that must be reigned in and controlled by benevolent, uncorruptable government bureaucracy. Links to our previous lessons are at the bottom of the page, with the link to our last lesson on why you don’t create jobs being the most relevant. Today we’re here not to dispel that businesses are greedy but that in the words of the immortal Gordon Gecko, “Blue Horseshoe loves Teldar Paper.” No wait, that’s not the quote that I wanted. The phrase I’m looking for is the from a speech best summed up with three simple words – “Greed is Good”.

Say What? September 18, 2011 Edition [Reader Post]

President Barack Obama: “If you love me, you’ve got to help me pass this bill.”

Valerie Jarrett, White House senior adviser, to Rachel Maddow on President Obama‘s jobs plan: “The Congress should pass this plan and they should do it right this minute…there’s no reason why we can’t move forward right this minute.”

Valerie Jarrett, one minute later, to Maddow: “The president is going to draft the legislation, make the job a little easier for Congress and the Senate, and send it up there next week.”