Obama's Jobs Program: If the Choice is Between "Go Big or Go Home," Start Packing Now.
Excellent article at Reason.com
Oh if only Obama's administration would read it and take it's clear, simple realism to heart.
The starting point of any serious discussion about jobs, jobs, jobs should be the brutal fact that government, regardless of who is running it, cannot create positions apart from public-sector jobs. And those in most cases are zombie jobs that can only survive on infusions of fresh cash taken elsewhere from the economy via taxes. That's why state and local payrolls are being cut as federal stimulus dollars dry up.
Which isn't to say that government can't help foster an environment that makes it easier for self-sustaining jobs to be created. Indeed, that's the one thing government can and should do: Create a reliable and stable fiscal and regulatory framework that businessess can rely on. What might go into creating such an atmosphere? Precisely the sort of things that Obama and congressional leaders, Democrats and Republicans, have ignored over the past several years in the rush to embrace all manner of bailout economics. What's needed is a sense of stability to the general fiscal landscape that might help to contain the "known unknowns," such as federal spending levels, debt creation, market interventions, and tax rates.
http://reason.com/archives/2011/09/01/obamas-jobs-program-if-the-cho