Barack Obama Cannot 'Create' a Job
In a much-publicized video on Saturday, Barack Obama declared: “We will create millions of jobs by making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s.”
Obama’s claim, by definition, is false. Obama will not “create millions of jobs” or, as he also asserted, “put people back to work” by upgrading federal buildings and investing in national infrastructure. It is economically impossible.
Posted on Mon, December 8, 2008 at 10:03AM
by
Paul Ibrahim
in Barack Obama, Economy, Paul Ibrahim Columns, Taxes
|
2 Comments
Paul Ibrahim
in Barack Obama, Economy, Paul Ibrahim Columns, Taxes
|
2 Comments
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Reader Comments (2)
Creating jobs through the private sector is the only way TRUE jobs can be created.
Even if Obama gets his way, I predict that the money that he wants to designate to these government jobs will take years to become a reality. The environmental agencies will tie these projects up for years since they will never be satisfied that they are "green" enough. If these agencies get their way, the costs will most certainly double or triple the original amount.
If Obama really wants to create true jobs, he should cut tax rates for private companies and reduce regulations.
How can he create jobs when he's never held onto a job for any meaningful period of time?