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I recently posted four charts eviscerating Obama’s record on jobs.
My Cato colleagues, Caleb Brown and Austin Bragg, have a good
complement to those charts. They’ve put together a short video looking
at how government spending and regulation undermine job creation.
Caleb says he will be doing more excellent videos like this, which is
very encouraging since there is so much more ground to cover —
particularly when trying to educate people in Washington.
One thing he should explain is that jobs don’t exist without profits. As I explained in a New York Post column last year,
employers “only create jobs when they think that the total revenue
generated by new workers will exceed the total cost of employing those
workers.”
This seems like an elementary observation, but it’s one that most
politicians don’t seem to understand. Or don’t care to understand.
That certainly seems to be the case at 1600 Pennsylvania Avenue. The
president will speak tonight and supposedly will propose a $300 billion
plan. He’ll claim, of course, that this new “stimulus” package will
boost growth.
But a look at the various components that reportedly will be in his plan doesn’t create a sense of optimism. Especially since it appears that he’s mostly recycling proposals that already have failed at least once.
Maybe the President should copy the policies of a former resident of
the White House, who also had to deal with a deep downturn, but managed to produce dramatically better results.
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