What's not to get, Mr. President?

If President Obama believes that government doesn't produce jobs, the private sector does, then he is as ignorant (and dumb) as those who mouth that statement.

Where should I start with the endless list of projects undertaken by government that created jobs and produced the longterm assets—like highways and dams—that have paid off many times over in greatly enhanced productive economic power for our nation? How about with the Tennessee Valley Authority (TVA) and the Bonneville Power Administration (BPA)?

Even the smallest business borrows to buy some asset that brings in added customers that generate the revenue that pays back the loan and then some. For example, the government borrowing to create modern and more efficient energy systems isn't paid back out of our children's and grandchildren's pockets, it's paid back by the vastly increased (astronomically in the cases of the TVA and BPA) wealth of the productive economy ... an economy that can also afford a safety net for its participants ... a safety net that helps stabilize that economy, ironing out the more radical swings in its production of wealth.

Another no-brainer is that unemployment does NOT produce longterm wealth-generating assets. And—guess what?—unemployed folks cannot buy homes!

If you are going to revive "consumerism", we need homes for folks to furnish and remodel. When we are comfortable again with putting our savings into home-asset and related ownership, consumerism will revive. Cars, clothes, and travel to not store wealth for future need. Homes did and will again ... in fact, our national economic policy should be directed at maintaining the real value of our homes. (That would include dampening the speculative value of housing. Dah!)

There is nothing mysterious about this ... unless you are working with economic models for preserving the value of existing assets and the wealthy folks invested in them.

What's not to get, Mr. President?!