Hillary Clinton’s gaffe does not take her out of the running for President of the US in 2016.  But it shows a weakness.  Joe Biden, another candidate, utters innocent gaffes. He may be dyslexic.  This hardly disqualifies a decent man, with broad foreiign policy experience from running.  In our opinion, the press should lay off his small errors.

Mrs. Clinton’s gaffe about businesses not originating jobs was more sinister.  She seemed to be groping for a phrase some of her political competition uses.  She missed the mark.

A Yale University economiist concluded a decade ago that 2.2 percent of the total present value of social returns to innovation are captured by innovators (although profits to these innovators start out somewhat higher and then decrease rapidly over time.  In other words, nearly 98 percent of the value of technological innovations accrues to consumers (through lower prices and increased productivity) rather than to the inventors themselves.

People who make jobs, enterpeneurs and business people, are to be sure doing this in a country that makes it possible by supporting creativity, risk-taking and effort.  We lead the world in this quality, which is rare and  valuable.  Look at a state like Texas today.  Because it supports this spirit, jobs are plentiful and people are profiting across the board.

Class warfare is not a useful possture from which to improve the economy and create jobs and train people to fill them.