It’s the third year of the Obama presidency, and so far it has been all talk and not much action on the economy and creating jobs. The president has been big on speeches, and he plans to give another tomorrow. But Americans are getting teleprompter fatigue. They want to see new ideas and action.
The heart of the problem is that President Obama’s idea of job creation largely revolves around public works and infrastructure projects that are rooted in Keynesian economics and driven by government funding and political payoffs. That hasn’t worked. What’s really needed now is a blood transfusion of self-funding jobs in the private sector that will enlarge the tax base and begin shrinking the deficit. Fortunately, there are four action initiatives already in motion that could quickly create jobs and have a ripple effect throughout the economy.
