Henry Blodget's Odd View of How the Economy Works

This is really scary. Henry Blodget publishes one of the most highest trafficked web sites on the internet about business, yet he just doesn't have a clue.

In an attempt to justify higher taxes on the rich, Blodget is out with an opinion piece where he tells us that entrepreneurs don't create jobs. He cites as backup of for this view a confused op-ed by billionaire Nick Hanauer.

Hanauer writes:

I’m a very rich person. As an entrepreneur and venture capitalist, I’ve started or helped get off the ground dozens of companies in industries including manufacturing, retail, medical services, the Internet and software. I founded the Internet media company aQuantive Inc., which was acquired by Microsoft Corp. in 2007 for $6.4 billion. I was also the first non-family investor in Amazon.com Inc.