Government job policy

[Tanakh Keeper]

Asked what his speech could touch upon, Obama cited a number of measures that he has talked about in recent weeks, including infrastructure spending to upgrade the country's roads, bridges and schools, as well as extending a payroll tax cut and jobless aid.

"All these ideas are ones that have been presented to Congress. We'll be putting out several other additional ideas. We've got to do it, unfortunately, at a time when money is tight.

Like most presidents, Obama wants to promote new government spending programs to increase the amount of new jobs in the private sector. These type of actions are so wrong-headed. It is really quite simple to achieve this goal.

Think of the economy as being divided into two large sections, business and government. Business gets revenue by selling goods and services. Government gets revenue by taking it from individuals and businesses.

The greater resources that government has, the fewer resources that business has. Why does anyone think that providing more resources to the government section, will cause the business section to grow?

The best action that government can take is to reduce itself, thereby increasing the amount of resources to business.

[Cowthulu]

I like the analogy of carrying water in a bucket from one end of a swimming pool and dumping it in the other end.

[Psychic Missile]

The greater resources that government has, the fewer resources that business has. Why does anyone think that providing more resources to the government section, will cause the business section to grow?

It's done well for Halliburton and Blackwater USA.

[Cow Poke]

I wonder if Obama will talk about "investing" in Green Jobs again -- he has quite a bit of egg on his face for his latest half million dollar wager he lost on "Green Jobs", but you probably won't hear much about that in the MSM.