Obama and Job Creation

In response to this story in the news, I sent the following letter to the Chronicle:

President-elect Obama says that he and his team are putting together an "economic stimulus" plan he claims will "save or create 2.5 million new jobs by 2011".  If he's so sure of his ability to create jobs, why stop there?  Why not 3 million, 5 million, or even 10 million new jobs?  And, if job creation simply requires the right legislation, why didn't he sponsor legislation during his time in the Senate that would have prevented the current job losses from happening in the first place?

True job creation does not come from government spending, but rather from businesses and industries.  Instead of writing checks and depleting the treasury, the incoming Administration should consider cutting taxes on businesses, investors, and individuals — the engines of economic growth.

Sincerely,
Dave Smith

 

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