WASHINGTON -- What do President Obama and the Democrats know about creating jobs? Judging by the anemic number of private-sector jobs being produced under their policies, not much.
Obama certainly knows a lot about government jobs. He's always taking credit for the state and local public jobs he claims he "saved" under his $800 billion federal spending stimulus giveaway plan.
That's not hard to do. You take money out of the economy -- from workers through the federal income or payroll tax systems or by borrowing it -- driving up the deficit -- and send checks to governors, mayors and county officials to bail them out and pay their bills. Of course you weaken the economy in the midst of a recession, but Obama hopes no one will notice that.
Obama and the Democrats know how to create more jobs at the federal level, too. In the past two years they have passed legislation that is creating armies of bureaucrats, regulators and investigators who will police, micromanage and oversee every nook and cranny of our economy at huge costs to taxpayers and employers.
But creating private-sector jobs to employ 15 to 20 million Americans who can't find a job or are underemployed is a little more complicated. Or at least it is for Obama, who hasn't a clue about how to fuel economic growth, new-business formation and permanent, good-paying jobs.
You rarely hear him talking about entrepreneurs who start a small business, seek out new investment capital to expand their enterprise and create new products, services and jobs. He never talks about new-business formation, either -- a critical part of a dynamic economy whose numbers have fallen to new lows.
When Obama talks about investing, invariably he means federal spending from which the government decides when, where and how that money will be allocated. The government picks the winners and losers, and we know how successful that has been. Economic growth slowed to 1.7 percent in the second quarter. Private jobs grew at a tepid 64,000 last month. Overall, employers shed 100,000 jobs. More than two dozen states saw their unemployment rates rise.
The late Jack Kemp, who championed growth incentives, lower income tax rates, a zero capital-gains rate and cutting the corporate tax rate (the second-highest among the industrialized economies of the world), said the way to create more employees is to produce more employers.
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