Do no harm

The basic theme in this article is that government needs to create more jobs.  Of course they have been creating state and federal jobs for years – at compensation well above the market (they pay at least 50% more than the private sector).  And every time they do this they pay for it with borrowing from our future or taxing the small businessman who is creating “real” jobs.

Government hasn’t the slightest idea how to create a real job.  They can add another government bureaucrat but they don’t know anything about encouraging a new engineering process, a new company like Google, Intel, or Oracle.

Government knows how to build a bridge to Nowhere, Alaska or to make Terrorist Relief Act loans that go to Dunkin' Donuts shops in Connecticut, Pennsylvania, Georgia, Vermont, and Ohio. But government doesn't have any idea how to create a private job that will result in exports outside the US. They will always invest in yesterday’s technology with its built in union support but not the latest invention from the garage workshop with no existing tax or voter base.

So the answer is the old medical philosophy “do no harm”.  Our government needs to get out of the way, reduce the penalties for starting a new business and the penalties for hiring a new employee–and then go on their highly paid vacations.

Posted via email from John's posterous