|Date:||March 11, 2016|
|Length:||2 / 310|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
After China took over Hong Kong, it created various new
benefits for workers -- and unemployment rates hit 7 percent, not high
by European standards, but a multiple of what it had been for years.
What all this says, in various ways, is that there is no free lunch --
not even during election years...
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But Presidents don't create jobs.
The most a President can do is have policies that allow private
employers to create jobs. Foolish policies can destroy jobs and prolong
a recession or depression but Presidents cannot "grow the economy," no
matter what political rhetoric says.
Of course the government can hire more people or favor a particular
industry in one way or another, and thereby cause employment to be
greater in that particular industry...
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