President Obama insists he is determined to create jobs in America. He recently announced the creation of “promise zones” for five communities around the nation and a “manufacturing institute” aimed at fostering more high-paying jobs in energy efficiency. He’s says he has “a pen and a phone” to “sign executive orders and take executive actions that move the ball,” where Congress has failed to implement policies he believes are needed.
Unfortunately, the executive orders and actions Mr. Obama seems to have in mind will do little to create jobs beyond the Washington Beltway – and much to do the opposite. An obvious example is his EPA’s plan to impose additional carbon dioxide emission restrictions, to save the planet from global warming, climate change, climate disruption, extreme weather or whatever term alarmists are using these days.
Another is to issue regulations and spend billions more to mandate and subsidize expensive energy efficiency, wind and solar, biofuel, alternative-fuel vehicles and other technologies, companies and financing schemes. That is what some “green” energy business leaders recommend in a report that they recently presented to the White House, promoting a “clean energy future.”
These actions will ensure employment for more bureaucrats, blue state friends and campaign contributors. But they will also ensure continued unemployment for blue collar workers and “fly-over country.” They depend on government direction and ideological compatibility, taxpayer subsidies, and crony-corporatist arrangements among businessmen, politicians and regulators.
They will make barely a dent in a chronically feeble economy in which 94 million Americans are not working; four million are long-term unemployed; the 63% labor participation rate is the lowest in 35 years; and many of the employment gains due to a magical government formula that turns 300,000 full-time jobs into 400,000 part-time positions. The President’s proposed actions likewise will not reverse the rapid increase in 49ers – companies that won’t hire more than 49 employees, because that would trigger ObamaCare and a host of other taxes and regulations, causing even more unemployment.
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