Tuesday, October 5, 2010

Dick Blumenthal Stumped On How To Create A Job

Man, I wish I could participate in the CT election this year.....



“Creative policies” don’t create jobs. Creative policies usually interfere with job creation. We’ve seen that clearly enough in this administration.
McMahon (in a shorter amount of time) describes how jobs get created, but also consider the role of government in the process. Government has no direct role in the process. Government has a role in creating an environment in which entrepreneurs can create jobs by doing the following:
  • securing a stable, predictable market without bias or tilt
  • with a reliable rule of law rather than arbitrary interventions for preconceived outcomes
  • utilizing a tax policy that encourages people to keep the fruit of their labor and investments to the greatest degree possible.
This will offend many public servants in the political world, but you shouldn't create laws pertaining to the economy if you don't know squat about business.

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