Jobs

Creating jobs is now the main focus of government.

“The Center for American Progress has put out such a plan, which calls for infrastructure investment and aid to state and local governments, along with direct investments in job creation through initiatives such as expanding our national service programs. And there is growing momentum in the White House and on Capitol Hill for these types of job creation policies.”

The President wants tax credits for new hires.

Creating jobs is not where we should be focused, we need to focus on creating demand for the goods and services that require workers to provide. Government can’t do that especially on a sustained basis. So, what will encourage and stimulate the 90% of Americans who do have jobs to spend money?

Perhaps less worry over what government will do with taxes direct and indirect, how about putting more discretionary cash in peoples pockets or giving people confidence that the goverment is serious about curbing it’s spending. Initially in this recession people were overextended and in debt, then they became savers, then they were worried about jobs and now, well now they are worried about the future and justifiably, the future of America.

It will be painful for some time to come, but better a longer period of pain than a short dramatic financial collapse of America on the world scene.

Government spending our way out of this one is not the way to go no matter how well meaning it’s proponents may be.

Neither a borrower nor a lender be may sound corny but we better hope the lenders to America don’t read Ben Franklin.