Friday, April 02, 2010

#1218 Obamanufacturing

I woke up on Monday, March 22nd and was surprised. The sun was shining, the birds were tweeting and I could hear the twittering of the crickets and my neighbor’s teenagers. The world was normal. The four horsemen of the apocalypse had failed to appear as predicted.
You know the four—war, famine, pestilence and Obamacare...
So what now?
Hope, and CPAs.
Yes CPAs. Because everyone knows, CPAs are a direct result of our massively complex tax code.
There are 360,000 CPAs in the country. (There are also 100,000 people directly employed by the IRS but who's counting?)
The CPAs mostly have firms, some of them big, some of them small. I’m guessing the average CPA directly employs 5 people. That’s around 1.8 million people.
So they are kind of a core industry.
A core industry that keeps people from getting reamed.
Core industries indirectly generate employment in support industries at about ten to one. A simple calculation tells us that that translates into 18 million jobs.
Total everything, and it comes to 20,260,000 jobs, including the 100,000 direct IRS positions. I didn’t even do the 10 multiplier on them. So one could say the IRS code generates over 20 million non-government jobs.
Now think about this. The new massive health care bill is huge. And it’s incredibly complex. So complex, I’m guessing we’re going to need new specialists. Let’s call them a Certified Healthcare Interpreter—a CHI.
Spelled like the Chinese chi, meaning good energy.
The good energy our economy is going to get when we put 20 million people to work in a brand new industry. Because what CPAs are to taxes, CHIs will be to healthcare.
So Obama’s finally done what his critics have been harping at him to do.
Created a massive jobs bill.
America, ya gotta love it.

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