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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 [1], here’s a good video from Caleb Brown of the Cato Institute [2] 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. [3]

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 [4]. Hmmm…

(Crossposted at Public Secrets [5])