Economists: GOP Jobs Bills Would Create Few Jobs

July 24, 2012 in Economics, Government

In response to the 32 jobs bills the Republicans have offered.

“A lot of these things are laughable in terms of a jobs plan that would produce noticeable improvements across the country in the availability of employment in the next four or five years,” said Gary Burtless, a senior economist at Brookings. “Even in the long run, if they have any effect at all, it would be extremely marginal, relative to the jobs deficit we currently have.”

Republican leaders claim that less government will always mean more jobs, but that isn’t always true. Some industry better off when government stays out, but there are some industries, if unleashed of government regulations, that would run havoc on our economy. We saw it happen with the housing and energy markets during the Bush years, when they told us that deregulation will grow those industries. I am not an advocate for big unnecessary government, I am an advocate for smart government that fixes a problem.

I read this from Paul Ryan’s budget, “Boost private-sector employment by slowing the growth of the public sector”
Before the private sector is boosted, the firing of public workers he is advocating for would cause an increase in unemployment. If this happens less people will have money to buy goods or services. thus hurting the private sector. That’s not the best plan when we are already in a recession. Republicans got us to try that the same thing during the great depression and it made the economy worse.

We also can’t forget what happen before democrats created the minimum wage. In the early stages of the great depression big businesses started to compete by cutting wages, until too few people had money to buy the products or services. We saw something similar in the last few years, when companies that saw no profit losses but started to layoff workers anyways. That may have been smart for a single company, but what is good for a few companies isn’t good for Americans. If you don’t make a company consider its effects on our whole economy, it won’t.

“They, (corporations), cannot commit treason, nor be outlawed, nor excommunicated, for they have no souls” Sir Edward Coke (Late 16th Century)

Even in the 16th century Sir Coke knew that leaving corporations in charge is bad government. Coke is most known for bringing common law government into England, a liberal idea at the time which he was jailed for talking about. Before common law, judges could jail any person with a single word and were accountable to no one.

Conservative laws are aimed at giving the power to the companies that have no loyalty to American society, they see us as consumers.

I say, “Power to the people.”

This article at the huffington post explains more about the jobs bill.