Video: government spending does not create jobs


**Posted by Phineas

Most people seem to get this, but this simple fact seems lost on the Democrat leadership, Leftist academics, and the mainstream media. (But I repeat myself.) Via Dan Mitchell, here’s a good video from Caleb Brown of the Cato Institute explaining the basics of real job creation and why government spending and regulation is a hindrance to that:

Seems straightforward enough to me. Maybe they should play it in the House just before Obama’s speech tonight.

PS: While they’re at it, maybe they should show Obama this report from the Minneapolis Federal Reserve Bank comparing the effectiveness of Reaganomics vs. Obamanomics. Hmmm…

(Crossposted at Public Secrets)