Wednesday, October 21, 2009

What Happend to the Stimulus Jobs?

Seven months after a massive stimulus "investment", 49 of 50 states have lost jobs (North Dakota being the one success). Surprised?

Only a dolt would be surprised. Jobs cannot be created in a vacuum. Just because the government says there should be more jobs does not mean it will occur. Sorry Obama-as-a-deity worshipers. There needs to be real hope. Real hope is when an individual, group of individuals or established business investments time and money in a product and service that people want and will pay for, and that will generate an acceptable return for the investor(s).

In February, the White House projected the number of jobs that would be created by the 2009 stimulus law would be +3.5 million (through the end of 2010). As of September 2009, we are -2.7 million jobs. Sure we have another year to go but are we going to make up 6.2 million jobs?

Keynesian economics is and always will be flawed. The government can and should fund defense and infrastructure through its tax and spend means. We need safety. We need transportation. They are not ends unto themselves. They are there to allow us to realize life, liberty and the pursuit of happiness. The only way government can generate real jobs is to cut taxes and the burdens placed on businesses and individuals.

Think about what would happen if corporate taxes, investment gains taxes, personal tax rates were cut in half. Our government has been allowed to enslave us with excessive taxes and burdens. We can only blame ourselves.

We should not be forced to live for our new-fangled government and it wealth redistribution model. We have come a long (negative) way since 1776 where our Founders clearly stated: Governments are instituted among Men, deriving their just powers from the consent of the governed. In 1865, Lincoln reiterate that our government is of the people, by the people, for the people, [and] shall not perish from the earth.

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