(Washington DC Rally 2010)

The President and Congress poured close to $800 billion into the country in last year’s “Stimulus Bill” meant to create jobs and spur a spiraling economy. Supporters of the bill say it saved us from delving further into economic downfall and using the Obama “saved or created” model claim it saved or created — fill in the blank it could be any number — jobs. Most economists (unless you work for the White House) call it an ineffective spending free- for- all that has created zero jobs, increased unemployment rates to double digits, and shot the deficit to an all time high.

This year’s “Job’s bill” will cost an estimated $85 billion and despite the different catch phrase, it will do essentially the same thing – with less money—which is funnel billions of dollars to state governments to fund entitlement programs and further extend unemployment benefits. Add several hundred pork barrel spending gimmicks by politically connected officials on dumb wasteful pet projects that will not create a single job in the private sector, the sector of the economy that accounts for 80% of all new jobs, and we have an unemployment catastrophe on our hands – yet again.

But is the federal government capable of creating jobs in the private sector anyway? Can the feds be the “invisible hand” an economy relies on? The answer is no and no. It is so simple a twelve year old can figure it out if given all the facts, and maybe it’s just arrogance rather than stupidity on the part of the President, but spending money doesn’t save money and creating jobs are better left to the free market. The Labor Department indicated in its report, that 20,000 jobs were lost in the month of January 2010 alone.

If we want jobs to be created in the private sector, owners ought to be able to do business and consumers ought to be able to set prices and quality through their purchasing power – that’s the way it works in a capitalist society. If the private sector is weighted down with high taxes and heavy regulation by the government, they are unable to grow and expand business and create jobs.

Just to give you a glimpse of how incompetent this administration is, note how the President’s often touted “green jobs” initiative actually outsourced American jobs overseas. Investors.com reports:

Of the 1,807 turbines erected [in America] on 28 wind farms receiving [Federal] grants, foreign-owned manufacturers built 1,219, according to the workshop report. The installation of these turbines may have created as many as 6,838 manufacturing jobs overseas.

When the American Wind Energy Association released its 2009 year-end report on Jan. 26, CEO Denise Bode acknowledged that despite billions in stimulus spending, there had actually been a net loss in manufacturing jobs. Bode told USA Today she estimates the manufacturing job loss at 1,500. [Emphasis mine]

It doesn’t matter how often this administration says it’s doing the right thing to spur the economy, experts know and the American people know that we cannot spend our way out of a bad economy with borrowed money, and the federal government is incapable of creating private sector jobs, and in fact takes measures to prevent job creation.

The President is a Harvard Law Professor, Nobel Peace Prize winning intellectual who should be sipping pina coladas on a beach in Belize, not setting American economic policy – good grief!