Monday, August 11, 2008

More fuzzy thinking

In this article describing the presidential candidates positions on the economy I found the following quote.

"If you don't tax them, they can pay their workers more," said Taylor Griffin, the candidate's (John McCain) senior adviser.

This kind of fuzzy thinking is what got us into this economic mess. In a capitalist society any savings will accrue to the company and they will hire workers at the lowest salary necessary to get the quality of worker they need.

The person making the statement either knows better and is just creating a sound bite or has no clue about how business really works.

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