Scheduled for tomorrow, December 3, the much ballyhooed “jobs summit” that President Obama has called for in the wake of the failure of the stimulus package will not have many people who have, in their careers, actually created a job.
According to the Washington Times:
“Missing from a partial list of attendees released by the White House are the self-proclaimed voices of business – the U.S. Chamber of Commerce and the National Federation of Independent Business – both of which have been critical of Mr. Obama’s proposed health care overhaul.
“Confirmed attendees include liberal economists credited with shaping the $787 billion stimulus package, union leaders, environmental advocates and executives from Google and other blue-chip firms. “
In other words, the “Jobs Summit” will include academics such as Paul Krugman who actually thinks that blowing nearly eight hundred billion dollars on mainly junk and pork was not enough. The business owners who have been invited appear to be Obama supporters or else dependent on government contracts.
Nowhere to be seen, apparently, will be free market economists who might utter the heresy of across the board tax cuts as a solution to the continuing economic crisis. There will also be a paucity of entrepreneurs who have actually created businesses and the jobs that go along with them.
The Obama administration suggested that if the stimulus bill were passed the unemployment rate would not go past eight percent. The unemployment rate is now past ten percent and growing. Most analysts, though, expect the “Jobs Summit” to accomplish little but to provide window dressing for policies already decided on, more spending and some targeted tax cuts to encourage job creation.
President Obama seems to be determined to not hear what he does not wish to hear. He will not hear that many of his policy proposals, such as health care reform and cap and trade, are job killers. Nor will he hear about the utility of across the board tax cuts and how they have actually worked to jump start the economy, under President Kennedy, President Reagan, and President Bush the Younger. President Obama will certainly not hear how relaxing regulations or creating enterprise zones, the last an idea of the late Jack Kemp, are also useful ideas for fostering economic growth and job creation.
President Obama instead will hear that he is on the right track, that his policies just need a little tweaking and augmentation to be made to work. The “Jobs Summit” is not about actually creating jobs, but rather to allow President Obama to be seen as struggling to create jobs. The actual results will matter less than the energy expended through good intentions.
Source: Critics not invited to White House ‘jobs summit’, Kara Rowland, Washington Times, December 2nd, 2009