Sunday, October 3, 2010

Who Knows How To Create Jobs: Democrats or Republicans?

Come on! You had to know the answer to this one. Who has a better broad, in-depth and sound understanding of the economic factors that create jobs? Who has the experience and real-world knowledge of business and job creation? Who would you turn to to formulate a national strategy for revitalizing employment in the United States?

The answer, of course, is that both Democrats and Republicans are completely unqualified, clueless and delusional about their individual partisan approaches to what will create jobs in America. Both parties, particularly their leadership, are career politicians who barely understand what an economy is, let alone how to guide one. As politicians they are philosophically and intellectually unprepared to address the issues and problems that have to be confronted in a competitive and capitalistic economy.

So as we approach the mid-term elections with the economy and jobs as two of the front-runner issues, the public will be bombarded with political ads, speeches and talk-show discussions about how their opponents’ plans are misguided and inadequate to dealing with these issues. We may even hear every now and then about how they will however work to bring jobs back.

None of them will tell you however that a Government, neither Republican nor Democrat, actually create jobs; at least not jobs that are self-sustaining. You don’t get a robust and resilient economy and jobs environment because of what the Government chooses to do. At best a Government can take actions to minimize the negative consequences of bad economic conditions, to the best of their abilities (which of course if one of our problems); and all too often the Government will take actions that will actually harm the economy (thought that of course was “not their intention”).

After all, if the Government could fix an economic downturn or crisis, you have to ask yourself: How did the Government allow the problem to get to the point required to become a problem? But you don’t have to ask yourself this question: Hasn’t the Government been doing things (or not doing things) for years that contributed to the problems that we are suffering for now and have suffered for many times before? And haven’t both Democratic and Republican parties been the “leaders” that have cast the stones into the waters that are now inundating us today?

Here is the question that your preferred politician should answer for you: If small businesses create the most jobs in our economy (which I hear they do), what is the critical and essential requirement for them to be successful in terms of the US economy?

Oh, and if the answer you get is either a tax-cut (or relief) or easy access to capital then you are still dealing with a politician who doesn’t know.

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