Desperate for some good news on the jobs front, Pres. Obama acquiesced to business-minded scholars and acknowledged that it is the private sector that must take the lead in job creation.![stimulus-vs-unemployment-november-dots[1]](http://madisoncountygop.com/wp-content/uploads/2009/12/stimulus-vs-unemployment-november-dots1.gif "stimulus-vs-unemployment-november-dots[1]")
He stopped just short of admitting that government meddling in free markets is what keeps the economy languishing.
At the recent White House Jobs Summit, Pres. Obama said he was “open to every demonstrably good idea.” For him, any old idea will do, except for the tried and true.
The folly of Obama’s approach is that he and the Democrats refuse any plan that does not involve:
- Increasing costly entitlements
- Implementing failed protectionist policies
- Hiking punitive taxes on the job creators
Tax cuts for business is a proven means of creating opportunity, jobs and prosperity for all, for it is the entrepreneurs and corporations who do the vast majority of all hiring. Besides, when has a tax cut ever failed? In contrast, the only thing that Democrat plans do is take away an individual’s incentive to prosper. In their unending quest for political power, Democrats are working at a fevered pitch to keep the unemployed unmotivated. Gotta keep their constituents begging for more! Ditto for those on welfare.
Meanwhile, we can expect the White House to hail as a grand accomplishment the marginal improvement in the unemployment rate — from 10.2 to 10.0 percent. For those folks taking Obamanomics 101, the difference is a mere two-tenths of one percent.