Friday, January 30, 2009

IBM Makes Stimulus Pitch to Obama

Standing beside President Barack Obama, who was touting his $825 billion stimulus package this week, IBM Chairman and CEO Sam Palmisano stepped up to the lectern and waxed patriotic.

“We need to reignite growth in our country,” Palmisano said. “We need to undertake projects that actually will create jobs.”

He is positioning IBM to get a slice of the stimulus pie.

Since November, Palmisano has been making a pitch to Obama’s transition team that investing $30 billion in expanding rural broadband access, computerizing health-care records and improving the electrical grid could create 949,000 U.S. jobs. - Recordonline

Yeah, let's just give everyone a slice of this useless stimulus pie.

Take this man's word for it:

Politicians and bureaucrats have already done their fair share to ensure that jobs in the private sector are prohibitively complicated and expensive to create. They are now shocked that the economy is shedding jobs, and want to simply create hundreds of thousands of jobs to make up for the job losses, through another so-called economic stimulus package. The private sector must be permitted to do that, but instead they are massively burdened with taxes and webs of red tape and regulation. Washington’s band-aids will only prolong this agony. The Austrian school of economics teaches that only a free market economy, unencumbered by onerous government controls, creates long-term prosperity. Politicians, however, tend to be notoriously short-sighted.

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