Government Spending Doesn’t Create Jobs

In his weekly radio address, the President-Elect once again is trying to convince Americans that more government spending will somehow “fix” the economy.  Obama is subscribing to the liberal theory that throwing money at a problem will somehow make it better, when in reality, government spending is the number one problem.

“President-elect Barack Obama on Saturday said the nation finds itself at one of its "moments of trial" because of the economy and called for Congress to pass a massive public spending bill to create jobs, saying that will pull the country out of the slump.

"We need an American Recovery and Reinvestment Plan that not only creates jobs in the short-term but spurs economic growth and competitiveness in the long-term," Mr. Obama said in his weekly radio address. “

First off, a huge spending bill from Congress will not create jobs.  Other sites have been poking holes in this theory over the last couple of weeks and this magical bill that will somehow just instantly create millions of jobs is just bogus.  The government bureaucracy alone will ensure that, and just wait until the democrat controlled federal government gets its hands on billions and billions of dollars.

“But Mr. Obama warned his spending program would not be part of "the old Washington habit of throwing money at the problem." The president-elect said there will be "vigorous oversight" of the spending and accountability for the projects.”

Oh yes, I am so confident that the democrats and the federal government will suddenly change and not be irresponsible with money.  Anybody want to believe that nonsense?

If you want a real economic recovery, lower taxes, extend the tax cuts, and cut government spending especially in the entitlement areas.  This is how you spur growth, not doing the opposite of which Obama plans.

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