Saturday, August 28, 2010

This Is Not a case of "winning"

Years ago my dad's boss ran for the state senate and He spent $25,000 out of his own money.  Back in the 1950's that was big money.  But I kept thinking, "The job pays less than $5,000 a year.  What's in it for him?"  Well he owned a big steel fabricating plant and his business quadrupled once he was in office. 
But the interesting twist to this success story is that once he had tons of new business and his shop was full of work, he proceeded to lay people off and work the remaining workers overtime.  At the time I thought that this was crazy.  But he made money by doing it that way.  Sure, he paid a worker time and a half for his overtime, but he saved on medical and annual leave, etc.  .  Profit was his bottom line, not creating new jobs.  I just don't understand what is so hard about this simple fact of life?  But Obama is no better at figuring it out than was Herbert Hoover. 
 
Curious Carl
 

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