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Written by:

Bonnie J


Date added:

November 2, 2013








No of pages / words:

2 / 310


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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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