The ED Show - Billionaire Entrepreneur argues he's not a job creator

[Galraedia]

[gateley]

1. Did Ed have him on as a guest? nt

[Galraedia]

2. Yes.

His name is Nick Hanauer

[gateley]

7. Thanks. I'll check it out -- I missed the show. I'm familiar with Hanauer, he lives here

in Seattle. Good guy.

[tclambert]

12. One of the things in he says in the full speech is his income doesn't stimulate the economy as much

as the 1,000 middle class people who make a similar combined income. They each have a car, but Hanauer doesn't buy 1,000 cars. They each buy a few pair of blue jeans, but he doesn't buy thousands. They go out to eat maybe one day a week. He doesn't go out to eat 1,000 times a week.

[progressoid]

14. ...

http://www.democraticunderground.com/1002696744

http://www.democraticunderground.com/101729161

[gateley]

15. Thanks for the links -- and I'm giddy with glee that this is all over the

place now. Sure blew up in TED's virtual face!

[earcandle]

3. Twittered and Facebooked and enjoyed! Thanks.

We are pushing back. This is good.

[rocktivity]

4. The original video has gone from 300 to nearly 200K views

in less than 36 hours. Keep the pressure on!

http://www.democraticunderground.com/101729161


rocktivity

[Iwillnevergiveup]

5. This guy

would make a great boss!

K&R

[physioex]

8. I dont think he would be benevolent....

But I am guessing he would atleast be upfront if he had to do a layoff.

[gateley]

9. I knew a couple of people who worked at his dad's company (Pacific Coast Feather) and they

liked it there. I'm thinking he learned a lot from his dad (who, sadly, I think has passed away).

[physioex]

6. For everyone who hasn't.....

Please go on Youtube and watch the TED presentation by this guy.

[CanOfWhoopAss]

10. Squirrels taking credit for evolution? Evolution is a myth.

It's intelligent design/Creationism, duh!

[tclambert]

11. "It's their customers that create jobs."

That's the great truth to take out of this. Customers create jobs. When consumer demand increases, it forces businesspeople, often against their will, to hire more workers. Hiring decisions have nothing at all to do with the size of executive bonuses or the size of billionaire's tax breaks.

[bulloney]

13. Mitt Rmoney's income was 200 x mine last year.

Does he buy 200 cars for every one I buy? I don't think so. Does he eat 200 times as much food? No. That's the fallacy of trickle-down. Wealthy people already have all the disposable income to make discretionary purchases when they want. Cutting their taxes only further concentrates the wealth in this country.