An extremely well articulated Human Events piece on why Obama is so wrong on job creation:
On August 5, 2011, President Barack Obama stated that: “We need to create a self-sustaining cycle where people are spending and companies are hiring and our economy is growing.” Clearly, we need a self-sustaining cycle of job creation.
The question is: How do we start one? The president’s solution is his “jobs bill,” which includes government spending on infrastructure projects in order to employ construction workers and government financial assistance to states to employ public workers, and a tax increase on wealthy Americans to pay for it. This is the wrong path to a sustainable economic recovery. To create the economic climate he desires, the president would be well advised to consider relying on the private sector rather than government.
Read the rest at Human Events