John Stossel goes to the public with the question, “What creates jobs?” Not surprisingly, he found most people had no idea. He goes on to write:
One said, “stimulus!” What? Government creates jobs? No!
I suppose it’s natural that people think government creates jobs because politicians always say that.
“We’ve now created more than 10 million,” said President Obama. But that just meant that he took office at the start of the recession, and finally job creation resumed.
He didn’t cause that. In fact, his taxes and complex regulation slowed job creation.
But here’s the truth:
Every new layer of regulations sounds nice — protecting the environment, providing more health care, forbidding discrimination against disabled people — but most rules do more harm than good.
Humans have needs and desires. Entrepreneurs see those needs as opportunity. They hire people not out of generosity or because government told them to — but because it’s profitable to employ people if they produce valuable goods.
Read the entire article, it’s a great read, by John Stossel here: