Job creation 101

[Garam_Masala]

3 out of 4 new jobs are created by small businesses! So where should the
money be spent to get most bang for the buck? Bingo! Small businesses!!!!

Instead where has been most of the tax payer money spent?
On bailing out BIG corporations such as GM, AIG, Bank of America etc.
Those big corporations are bloated and corrupt. Let them wither on the vine
if they can't operate efficiently.

What President Obama and his economic team should be doing is helping
small businesses via accelerated depreciation of capital goods, tax credit
for hiring and training new employees, tax reduction on profits under $5
million so the business can invest that money in expansion, and tax credit
(as opposed to tax deduction currently) for covering employees health insurance.

Jobs will explode if this is done and 2012 will be a democratic landslide.
And they will be LONG LASTING jobs, not a ONE time project jobs.

Creating Government jobs is not enough. Those jobs do not produce anything
marketable, just takes money via taxes from all those who work for a living
and produce something. Besides government run entities such as Post Office
do provide a service but run chronically at losses.

Also Forget spending money on 1 time work projects since that money has to
be borrowed from China and we end up with the loan+interest for ever since
there is no surplus to pay off any loans. They just repaved my street which
was unnecessary since there was not a single pot hole anywhere. But the sign
said "stimulus money at work". Yeah right, a ONE time work project and money
owed to China for ever! So sad!!