The American Jobs Act: Why It Will Not Create Jobs

President Obama, last night, outlined his latest greatest proposal for creating jobs: The American Jobs Act. It's a combination of some good things (tax reductions) and some bad things (tax increases). It's his grand plan to finally focus on jobs (after 3 years with unemployment over 9%). All of the past stimulus weren't enough so we are going to try it again with more stimulus money. What's that definition of insanity? Doing something over and over and expecting a different result. I expect the result after this stimulus to be the same. Why? Because  government doesn't create jobs. I'm going to explain how a small business grows in simplest of terms regarding hiring. Since there does seem to be agreement that 70% of the jobs in the United States are created by small businesses then it seems relevant to review how those jobs are created by the small business owner. You are a small business person. You had an idea. You took a risk. You worked on your idea, you sold your idea,...(Read Full Post)