For politicians, the new “it” phrase is job creation – they keep promising they can do it when they can’t.  Research is clear: government economic development reduces private investment and job creation.  

§   ”Green jobs” are costing taxpayers their own jobs. For every green job created, 2.2 jobs in the private sector were destroyed.

§  The federal government spends $92 billion annually on corporate welfare.  SC politicians have given away hundreds of millions to companies they choose.  SC’s unemployment rate?  One of the highest in the nation.  Per capita income rate?  One of the lowest. 

§  Government interferes with the free market, creating an artificial demand that can’t be sustained.  Example?  Cash 4 Clunkers.

§  Government often gets credit for ending the Great Depression, but it actually made unemployment higher. There were more people enrolled in federal jobs programs in 1938 than in any other year of the depression. But in 1939, the unemployment rate was 17.2 percent – higher than in 1931, two years after the initial stock crash.

§  Government will artificially boost job creation figures by hiring more public workers. But government can only pay employees through taxation, borrowing, or printing money.