Where Are the Jobs?

Now here is an interesting quote from The Hill:

Rep. Joe Crowley (D-N.Y.) was even more direct.

"Mr. Speaker, where is the jobs bill?" Crowley asked. "Your caucus ran on creating jobs and yet [there's] not [been] one single bill in 200 days of Congress to create a single job."

Perhaps the good Congressman does not understand, the Government does not create jobs, unless of course you mean Government employees, but those are not real jobs, they are after all Government employees. 

Business creates jobs, entrepreneurs create jobs, and the problem is that they, and that includes me, have been sitting by wondering if it is worth the risk. This is as bad as the 1972-1980 period. We all sat around wondering then. Now, perhaps because of age, it really seems worse.

Jobs are created by risk takers who see an opportunity and then add their intellectual capital and take the risk to start, and then they rely upon the financial backers, those rich folks, to provide added investment. Now make the environment so uncertain that you drive away the risk takers and tax the rich so there is no investment capital and what does one get, you are experiencing it.

And what can Washington do? Not what it has done of late. So the very idea that Washington can create any real value producing job is insane. The more stuff Washington creates the more that is taken from the economy. Just look at that great idea of a Stimulus! Perhaps the Republicans are right, no jobs bill is the jobs bill!