President Obama's Job Speech
Written by Michael Dean
In today’s economy a lot of people are asking: “How can we create jobs?” Two weeks ago President Obama stood before congress to answer this question.
In his speech President Obama proposed:
• Making investments to prevent layoffs of up to 280,000 teachers.
• Providing opportunities for long-term unemployed veterans.
• Putting Americans to work rebuilding roads, railways, bridges, and schools in need of repair.
• Implementing the most sweeping reforms to the unemployment insurance system in 40 years to help the unemployed transition into work.
• Expanding the payroll tax cut.
• Cutting workers payroll taxes in half in 2012. [Theoretically providing $1,500 worth of tax cuts to the typical American family]
Maybe? Could it be? Why, yes—it is indeed another stimulus. And where exactly is it going? Apparently, the exact same place it went last time— to unions and government employees.
The major difference? This time the price tag is $447 billion.
Can government create jobs?
Government cannot create true jobs; however, government can destroy them. Although public sector jobs are needed, every job created in the public sector takes at least one away from the private sector. It is a simple practice of redistributing wealth.
But if all this money is going to schools and construction, wouldn’t it at least create some jobs? No. Allow me to explain:
In the private sector when a business seeks to grow its capital, the business will spend $1 with the hope of generating $2. Government spending, contrarily, spends $1 to generate $1 worth of work or supplies, and statistically the return on investment is significantly less than $1. When we misspend our own money, we reap the consequences. When government misspends money, however, government does not reap the consequences—we do.
What is government’s duty?
It is government’s duty to protect inalienable rights and the ability to earn the American dream. It is important to define the American dream in this context: the American dream means to be responsible for yourself—because success is not a guarantee. Jobs should not be created to give nice people who do not have a job a job. Jobs should be created because an entrepreneur believes by hiring an additional person he can increase his businesses profit. Jobs should be created because an entrepreneur believes a larger labor force is necessary to maintain his business and operations. Jobs should be created because an entrepreneur meets a potential employee that he believes would be an incredible addition to his team.
Want to create more jobs?
To create real jobs, don’t invent empty jobs in the public sector. Instead allow entrepreneurs in the private sector to deem when and when not to hire.
Create an environment where entrepreneurs are responsible for their business and its employees, instead of an environment where entrepreneurs are responsible for bail outs.
If you want welfare, go to Europe.
If you can bear the consequences of your own decisions—please, keep America open for business.
6 comments:
Well said, Mr. Dean. So, of the candidates running for President, which candidate helps America in this aspect the most?
Way to go Mike! I know creating jobs in the private sector is hard but it always had been that way. The government can alleviate regulations though. That is what the government ought to do. Other than that, lasseiz faire I say.
Re: Joel - as of now, I think that either Herman Cain or Rick Perry posit the best options for maintaining the American Dream. Even Ron Paul, who I disagree with on many issues, has some very good ideas on the economy.
Re: Zach - I certainly agree with you that government should rescind many of its regulations that in my opinion, shouldn't have even become regulations in the first place. However, I do believe there is a need for some regulations. Economic freedom as well as freedom in general require law and order to sustain them. Certain rules and regulations I believe are necessary, good, and even help to preserve the free market. For example, preventative regulations which disallow the formation of monopolies.
So, are you saying that you would prefer Ron Paul over Mitt Romney?
Has the govt stopped private business from creating jobs? If yes, How has it done this? How would you create jobs in private business? Which candidates policies best solve our economic situation? Do you truly believe the President has the power to make significant changes to the economy?
Your post answers no real issues,only states obvious problems.
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