Thursday, February 18, 2010

Job creation, not gimmicks ~ By Herman Cain

Commentary from WorldNetDaily
The citizen activist movement that is growing across this country is no gimmick. It is getting bigger and bigger, and promises to produce even more election surprises in November of 2010 similar to what happened recently in New Jersey and Massachusetts.

Maybe then they will get it.

By Herman Cain

Posted: February 15, 2010 ~ 1:00 am Eastern

© 2010

The president, his administration and most members of Congress still don't get it! So let's try to explain job creation another way. You stimulate the creation of jobs by reducing an employer's cost to keep people employed (less taxes) and then by reducing the cost of a business to grow their business (less regulations). If these two things happen, then jobs will be created.

Job creation is not a complicated phenomenon, but the president and the Democrats have been convinced that less taxes is bad, and more regulations are good. It's just the opposite, and there is plenty of historical evidence to prove it.

The Economic Report of the President was released last week by his Council of Economic Advisers. According to the Wall Street Journal, "the report offers few new policy prescriptions or economic forecasts." In fact, the administration still believes it can rebuild the economy through health-care legislation, clean-energy initiatives, infrastructure projects and small-business tax breaks.

Rep. Eric Cantor, R-Va., gave the most laser-like description of the report. "The Obama Administration's report is full of blame for the policies of years past, praise for its own failed policies of the past year, and promises about their ideological agenda to grow government."

Translation, the report is 400-plus pages of repackaged propaganda.

Of course the president restated his commitment to job creation, but most of the chatter from his administration and Congress about a new jobs bill is just another bunch of gimmicks that will do nothing to stimulate new job creation.

Just as "Cash for Clunkers" was a gimmick that did not work, the current offering of a $5,000 tax credit to employers who hire an unemployed worker, plus a limited-time suspension of part of their payroll taxes are just propaganda gimmicks.


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