Wednesday, July 7, 2010
the democrat's disconnect on creating jobs
"Pelosi’s remarks clearly show the disconnect between the Democratic Party and Main Street businesses. A quick look at Pelosi’s bio shows that, like President Obama, she’s never run a business or had to meet a payroll. She doesn’t seem to understand the uncertainty that so many businesses are facing because of the massive expansion of government and the spiraling deficits: Most businesses are facing the specter of unknown healthcare costs and higher taxes. So no wonder unemployment remains so high--most businesspeople I know are waiting to see where it all shakes out. “High uncertainty is the enemy of investment and growth,” economist Allan Meltzer wrote in a great piece this week in the Wall Street Journal on the common-sense reasons why the president’s stimulus plan has failed to solve the unemployment problem."
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