Monday, August 19, 2013

Politicians do not create jobs

A political claim that x number of jobs were created because of a bill sponsored by the politico making the claim is the worst lie.  It's is such a turn off that anyone making such an argument: be they candidate, proxy, promoter or supporter, falls through the credibility gap and lands on a giant pile of excrement.
Sunday's Economic View by Robert Schiller in the New York Times "Why Innovation is Still Capitalism's Star" appreciates the government grants that got him thinking about his commercial venture, but his experience makes the point that a self financed start up that tests the market is the best bet.  My perspective is if a project can't get private financing, then the taxpayer funded proposition is sure to be a loser.

No comments:

Post a Comment