Tuesday, December 7, 2010

Obama Finally Gets It On Unemployment And Agrees With Me

You may remember from the primary/convention campaign last spring that I kept saying that government doesn't create jobs, private enterprise does. I said that businesses large and small in a free economy are where jobs come from, and if the government wants to create jobs, it should reduce the tax-disincentive to businesses for hiring by reducing the payroll tax. I said that many times.

After one failed "stimulus" after another, Obama has finally seen the light and now agrees with me. In the tax rate extension deal he has proposed, he included a provision to reduce the payroll tax (albeit temporarily) as a jobs-creation move!!!

If he had listened to me months ago, we could have saved the tax payers all those trillions of wasted "stimulus" which pushed the unemployment up not down. If he had listened at that time, we could have reduced the payroll tax way back then which would have brought unemployment down by now, thus increasing tax revenues, helping the economy, and saving the government money by not having to pay out so much in unemployment benefits (which have also been extended yet again in the tax rate deal). The problem would have been solved by now, if he had listened back then.

But better late than never.

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