[Ned Beeler, Washington Examiner]
What plutocrats do not understand is that they have social responsibilities in addition to just making money. There is no 'invisible hand'; just their hands stuffing record amounts of cash into their companies' coffers. With the union movement nearly destroyed, and government bought out, asking them to create more jobs is like herding cats, and feral ones at that. Absent a willingness in the private sector to provide jobs, the federal government must turn to more direct means than fiscal policy which some economists do not believe works as an effective job stimulator any more because essentially the economy is already over-saturated with debt. Because consumers have been hit with real estate price collapse and unemployment, they are avoiding new debt like the plague. Which in turn weakens an economy that relies on consumer spending [charts courtesy Council on Foreign Relations]:
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