Thursday, February 11, 2010

Jobs folly

Jobs bill for sale!Are you buying?Another 80 billion down the tubes.As was the case with the stimulus,it can't work.The premise is wrong.A tax credit for employers sounds good on the surface.However,this is simply a supply and demand issue.Businesses must have demand for their products or services before they will hire.Obama continues to show that he has no interest in creating private sector jobs.Tax cuts across the board works because businesses will stimulate growth in reverse.They will expand to take avantage of the favorable tax climate which gets people working.They then spend their income which increases the demand which creates growth and more hiring and the cycle continues.So simple,however,I don't think our President is smarter than a 5th grader like the tv show when it comes to economics.More to come...

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