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Washington and jobs

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Rick Stewart's picture
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Joined: 05/09/2014 - 04:57
Washington and jobs
The Des Moines Register asked me, "What’s the best way for the federal government to encourage job creation?" My reply - Taking taxpayer money and using it to hire someone is absolutely not 'job creation.' It eliminates competitive private sector jobs and creates (fewer) public sector jobs. Two government interventions hurt job creation the most. Every regulation destroys a few jobs - last year we wrote 37,000 pages of new regulations. A thorough and quick reduction is needed ASAP. Means tested poverty reduction programs (Washington created 93 of them) reduce the labor supply by providing incentives not to work. A lower supply of workers and a lower demand for them equals not enough American jobs, thanks to the federal government.

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