The View From 1776
Thursday, May 03, 2012
Jobs Are Created By Real Productive Business Investment
Governments do not create jobs. Whatever they spend has to be taken from someone, whose wherewithal to hire new workers is thereby curtailed.
Increasing taxes, imposing strangling new regulations, flooding the economy with phony fiat money, and working actively to destroy selected industries create uncertainty and fear in business decision makers. After four years of this, businesses understandably are very cautious about investing in new production facilities or expanding existing ones. Only when those elements of uncertainty have been removed will business revive and create new jobs.
Louis Woodhill analyzes prospects for the economy under President Obama on the Forbes website.