Thursday, December 3, 2009

Our Government ‘Creates’ Jobs? That’ll Be the Day

The economist Alan Blinder thinks government can create jobs.  If that were so then Russia, Cuba and North Korea would be economic powerhouses.

Only entrepreneurs create jobs by risking career and capital to start and build businesses that employ people to make useful things and provide needed services.

By contrast, the government and the unions destroy jobs. Currently, the mean government salary is fully twice the mean private-sector salary. That means every government job destroys or displaces two private-sector jobs. Greedy unions destroyed GM, Detroit and Michigan. Unions destroyed California and at least eight other states. And yet Mr. Blinder suggests expanding the public-sector employment that is so loved by unions and the Democrats they own.

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