"The New Job-Creation Nonsense" (RealClearMarkets):
In a follow-on to the president's jobs summit, Congress is cooking up a jobs bill for a vote next week. It's the same tired recipe to expand government at the expense of the private sector. Call it a jobs kill.
Last week, we watched as 130 Big Labor bosses, community organizers, left-wing think tanks and a few token CEOs supposedly put their heads together to come up with a way to create jobs in the worst U.S. recession since 1929.
It was window dressing. Instead of looking to proven solutions to create jobs, like tax cuts and free trade, Big Labor's agenda ruled.
The summit's three recommendations - Cash for Caulkers, bailouts for city and state governments, and tax holidays for small businesses - all not coincidentally amounted to gravy for unions.
Unions used to just be a conspiracy against business. Now they're a conspiracy against the taxpayer, too.