Let’s say you have five kids. Four have jobs, one doesn’t.
You feel bad the fifth doesn’t have a job, so you take 25% of the income from the four employed kids and “hire” the fifth kid to do shovel ready projects around the house.
Does the fifth kid really have a real job now? Is it self-sustaining? How long before the other four kids get tired of paying the fifth kid?
Of course it’s not a real job…
When our government makes temporary jobs to hire people for shovel ready jobs, jobs that are not self-sustaining, jobs that can only exist as long as people with real jobs are able to pay for these jobs out of their own pockets… these aren’t real jobs either.
The Pelosi controlled House has passed a “jobs” bill:
FoxNews - President Obama’s Democratic allies in the House have muscled through a year-end measure aimed at creating jobs through a second round of stimulus spending.
According to documents released by Democrats, the measure would cost $154 billion. But there’s also another $20 billion from the federal treasury to keep the highway trust fund afloat.
The bill is funded partly with unused money from the government’s unpopular Wall Street bailout program called the Troubled Asset Relief Program (TARP). The bill redirects $75 billion in that fund to infrastructure and job investments to further stabilize the economy.
Ummm.. wasn’t that TARP money supposed to be repaid to us after it was no longer needed to save the country from imminent ruin?
This is nothing more than transferring money from the pockets of those who have jobs to the pockets of those who don’t.
Not that it is a bad thing to help folks out, but wouldn’t they be better served by stimulating the private job market so that there are self-sustaining jobs out there?
How do we expect private industry to afford to hire new employees if they keep having to send more money to the government to hire government workers?
The method utilized by this Democratic controlled government is an anemic attempt to address unemployment in the short term that will result in a extended weakness in the economy, extended weakness in the real job market, increased debt and taxes, and ultimately inflation and high interest rates.
Other than that… a great idea.
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