Sunday, February 14, 2010

The Jobs Bill Payoff

By Douglas V. Gibbs

President Barack Obama is pushing a jobs bill. He didn't care about jobs before, all he cared about was his agenda. But now that the populace is screaming about jobs, he figures he might as well make it look like he cares about the unemployment rate.

Problem is, government does not create jobs, or at least not real jobs that benefits economies. Government can only create government jobs, which are leaches on the job market, sucking the living blood from the taxpayers. Government can create conditions, or a better environment, for job growth, however. To do this, government must enable the private sector to expand by backing off on the overregulation of the private industry, and by cutting taxes across the board so that consumers, producers, and all points in between have more capital to use for buying, selling, and transporting.

If Obama, and the federal government, keep expanding the employment of the public sector, and keeps letting the private sector die, it will end up in a bankrupt nation with an economy that cannot survive much longer.

Don't believe me?

Check out Greece. One out of three folks in Greece are employed by the government, and their deficit spending is through the roof. The country is in such great economic peril they are asking for a bailout by the European Union. . .

We can't afford to follow that same path.

Oh, by the way, the Jobs Bill is full of Pork, or was - Harry Reid killed the bill, worried that there would be too much opposition from the Republicans.

Note that also there are tax credits for businesses in that bill. That is not a tax cut as they are advertising. Tax credits are a one time, do for me and I'll do for you, payoff. Real tax cuts would include an across the board tax cut for all levels of income. Such a tax cut would free up capital for spending, production, and transportation of goods.

-- Political Pistachio Conservative News and Commentary

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