I am not a politician, but I did spent over 25 years in the corporate world and have pretty much been a “finance guy” my whole life.
So set aside political emotion for the moment and focus on the latest discussion about the need for more jobs in this country.
First of all … real jobs are not created by government action. Real jobs can be encouraged by government when they create a climate and a culture that causes people who have the means to create jobs to take action. When a climate has been created by government officials which discourages the job creators because the risk of failure is too high … they sit on the sidelines and wait until a climate of greater certainty and stability develops.
Government can only try and change the job creating culture so that individuals can create jobs.
Jobs are a result of needing to produce more or do more resulting in a need for more help. Tax incentives to hire more people when you don’t have the work for them is just foolish.
Government cannot create jobs, other than temporary jobs using taxpayer or borrowed money, only individual job creators can do that. Which is why I see little, if any, success coming from any government official that believes we can borrow more money, spread it around, and expect jobs to be created.
I fully expect the unemployment rate to stay pretty much where it is for a while … until the real job creators feel more supported in a climate that encourages businesses rather than tries to tax them more.
