Andrew Roth - December 03rd, 2009
With today’s job summit, the White House is admitting to its own incompetence.
I guess we should infer that Obama thought he had the right idea earlier this year. He said, "It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs."
Well, with billions and billion in stimulus dollars spent, we’re still experiencing less money and more layoffs.
So Obama changes his tune. It’s not the government’s fault. Today, he said, "While I believe that government has a critical role in creating the conditions for economic growth, ultimately true economic recovery is only going to come from the private sector."
So the government should stay out of the way and let the private sector work its magic? Think again. The Democrats are cooking up another stimulus bill that could reach $300 billion. The ideas included in that total are extending aid to the unemployed and more infrastructure spending.
That’s why this jobs summit is a joke. The White House has no clue on what to do. All they want is more government and less free market economics. This is despite the fact that a White House senior aide recently said, "We’re shaking every tree to get every good idea."
"Every good idea" must not include broad-based pro-growth tax cuts. But either way, is Obama really out of ideas? So much so that he has to conduct a jobs summit? What about his economic advisors, Larry Summers, Christina Romer, Austan Goolsbee, and Jared Bernstein? Are they at a loss for good ideas? What about his secretaries of treasury and commerce? They must be out of ideas if they need to call upon the invited CEOs and economists and labor bosses at the jobs summit.
What a lack of leadership. What a joke.