Out of Touch

Obama is out of touch with private industry.

The business of business is profit. If a company can be more profitable by hiring people, it will hire people. Employees should add value; otherwise, they should be let go. If a company finds that hiring more people will bring more value to the company in the form of increased profits, it will hire people.

In the world of private industry, if hiring someone does not allow a company to gain more in increased revenues than it loses in increased costs, then a company cannot continue to hire people and stay in business very long. Revenue - cost = profit.

Obama has never run a business. Nearly all his experience has been with non-profits and the government. The man does not understand private industry.

Private industry in this country is in trouble.