Should an employer make an investment to grow a business and create more jobs if the government can change the rules in a way that favors his or her competitor? Of course not.
U.S. Representative Maxine Waters (D) recently said the TEA Party could go “straight to hell.” Okay, her words were not appropriate, but maybe there’s a sense in which we should hope she gets her wish.
In a speech this past weekend, Representative Waters was certainly hot about the TEA Party. In a community meeting at which folks were hot over the economy and lack of jobs, Representative Waters got fired up. Essentially her remarks were a way of trying to redirect the people’s ire at the TEA Party because, in Waters’ opinion, it prevented the increase in government spending she thinks is necessary for the government to create jobs.
Are we so blind as not to see from the last 50 years or so that the government does not do a good job at creating private sector jobs? Rather than creating private sector jobs, the federal government is doing a pretty good job of killing those jobs with increased regulation and regulatory uncertainty. Who wants to make an investment if you don’t know what the rules are going to be from one minute to the next?
Most of us don’t create jobs; we work at jobs. So let’s put this in a context we employee-types may understand a bit better. If you were to take your paycheck to Las Vegas, how likely would you be to put your money on the blackjack table if you knew the dealer could change the rules of the game while you’re playing your hand? And what would be the odds you’d play if the dealer could change the rules just applicable to you or change the rules to favor the other players? No chance you’d bet your paycheck.
Well, the same thing is true for an employer. Should an employer put his or her money “on the table” to expand and grow the business if the government can change the rules of the game as soon as he or she makes the investment? Of course not. Should an employer make an investment to grow a business and create more jobs if the government can change the rules in a way that favors his or her competitor? Of course not.
So, if you ask me, if Representative Waters gets her wish, then maybe the TEA Party can come back by next November and bring back the heat with them. And then maybe they can get enough politicians of her ilk in enough hot water that she can spend her time at home sipping tea while looking through the want ads for a new job in the private sector.