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Saturday, November 18, 2017

A Smart Jobs-Creation Idea Both Parties Can Love

Corrosive Fatalism

These are all good ideas but likely DOA in Congress. The last thing Republicans will agree to is spending — or even tax credits — that might help a president they despise. Sad to say, their determination to prevent Obama from being re-elected easily trumps anything serious that might help their constituents find work.

The Republicans’ tired remedies for joblessness — marginal tax cuts and regulatory relief — were tried and utterly failed during George W. Bush’s presidency, when job growth was non- existent.

And I’m afraid that a corrosive fatalism has crept into the debate. There’s only so much we can do, we’re told. The rest is beyond our control.

Compounding this problem is the mindset of many Democratic policy makers. They’re lawyers and economists trained to analyze and poke holes in arguments, not create and implement. It’s so much safer bureaucratically to say no than to risk ridicule by pitching something off-the-wall.

The business executives on Obama’s jobs council are mostly corporate types, not entrepreneurs with a buccaneering spirit. The ideas they’ve offered, like streamlining the permitting process for construction and improving the outreach of the Small Business Administration, are fine as far as they go. But they don’t go far enough.

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