Some highlights of the article include:
Politicians in Washington are talking a lot about creating jobs. Their dark secret is that none of them know how to do it.
Consider where jobs come from. An entrepreneur has an idea. Investors provide that entrepreneur with funding. The entrepreneur then hires workers to help put his idea into action. If the business competes successfully, those jobs last.
Of course, no one knows what business ideas will work before an entrepreneur tries them. Google might not have succeeded. Remember Pets.com? The economy works through decentralized trial and error as millions of entrepreneurs try to make their ideas work.
The president can help create a business environment that encourages entrepreneurship. Or he can create an environment that discourages it. Unfortunately Obama has chosen the latter path.
If Obama wants to create jobs, he should start by admitting that no president knows how to do it himself. Instead he should pass policies that encourage the millions of potential American entrepreneurs to take the plunge and their potential investors to fund them. That’s the not-so-dark secret of how jobs are created.
In short, the best thing for job creation is for politicians to get out of the way.