Thursday, April 8, 2010

Job Creation Basics?

The left believes that Obama hasn't gone far enough to create jobs. To them it's simply a matter of stealing or printing more dollars to make wealth grow. This New York Times opinion piece demonstrates their ignorance:

Most of March’s job gains were temporary positions with the Census Bureau or in the private sector. The Census Bureau will keep hiring for a while, but the jobs will end by the fall. Private-sector temporary jobs won’t become permanent unless employers see steady economic growth, which is far from assured as stimulus spending fades later this year. [emphasis mine]

The authors don't see the difference between a wealth destroying, bureaucratic government job and a wealth producing private sector job and gives them equal weight. All that matters is that the individual is considered "employed". And to them the economy can't grow without the stimulus. If stimulus were the answer, why not just spend indefinitely? Because it hasn't worked, doesn't work and will never work. Ask those that have suffered through hyperinflation. But with Keynesians like Krugman on their side, they believe they have the intellectual ammunition to get just the right balance between economic dictatorship and freedom. But once this compromise is accepted (as it was in 1913 ) all bets are off. And the left certainly has the moral ammunition, since conservatives can't denounce the "rights" of the needy. In reality, the moral and the practical go hand in hand. Because the moral is what is required to sustain the productive and happy life of a rationally self-interested human.

...Mr. Obama is right that the government needs to do more to create the conditions for more hiring. But being right about the policy isn’t enough. He needs to get the politics right. Americans are nervous about the deficit, and so far the Republicans are carrying the debate.

The president needs to make the case to the public that without more emergency aid to jobless workers and hard-pressed states, unemployment will remain unacceptably high.

The government does need to create the conditions for more hiring, by getting out of the way, protecting individual rights and nothing more. Under those conditions the economy can thrive.

1 comments:

  1. Obama should stick to easier things for the government to accomplish, like free energy or perpetual motion machines.

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