Coming up 7.3 million jobs shy

From Mike Brownfield at The Foundry.  (The cartoon was not part of the original article, but created by Michael Ramirez and found in several places.)

Lest America forget, President Obama had two years of a Democrat-controlled Congress to effect that bold and swift action. And boy, did he take action. He and his liberal allies in the House and Senate gave America a $780 billion stimulus that the President promised would save or create 3.5 million jobs by the end of 2010. (He came up 7.3 million jobs shy.) And then there was the 2,700-page behemoth known as Obamacare, the 9,000-Earmark Omnibus Bill, $3.22 trillion in new debt, a $26.1 billion government union bailout in the summer of 2010, the $3 billion Cash for Clunkers program, and the Dodd-Frank Wall Street Reform bill.

Somehow, though, all that action was not enough. So in January, the President used his State of the Union Address to convey to America that he was singularly focused on job creation. And here America sits, seven months later, watching President Obama tour the Midwest delivering that same message, this time calling for piecemeal job creation policies including more stimulus and infrastructure spending, a renewal of the payroll tax cut that was initially passed in December last year, tax credits for companies who hire veterans, a trade deal that he fails to send to Congress yet blames them for not passing, and tax increases on job creators. Though the President calls his ideas new and bold, he’s only delivering more of the same tired thinking that has left America in an economic rut.

On top of the spending and debt, the President has promulgated stifling regulation while calling for job-killing tax increases. Meanwhile, his Administration is going out of its way to work against job creation—the National Labor Relations Board has taken action against the Boeing Company for creating jobs in right-to-work South Carolina while also pushing for pro-union policies that harm employers and workers.

Fortunately, the President’s way is not the only way. Rather than going back to the Keynesian well and relying on the hand of government, the President and Congress should restrain government and allow entrepreneurs to thrive.

Advertisements
This entry was posted in Economics, Politics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s