NO VIRGINIA, FOR THE UPTEENTH TIME, GOVERNMENT DOES NOT CREATE JOBS ANYMORE THAN JAMAICA CREATES GOOD POLITICAL LEADERS

When then councilman Leroy Comrie was running for Senator awhile back he had a big page in one of the local rags, stating how he has helped to create thousands of jobs. Of course this was a big lie, he did not help create jobs and neither did government, which does not really create jobs (they can help create an environment in which businesses can either excel or expand or just plain fail), but that did not stop Comrie from telling a huge lie, because well, if you say to today, it must be true.

Over in my favorite website, Queens Crap, I came across this forbes article dealing with that same issue about jobs. And Queens Crap had this to say about it:

You know when something’s bad news in this trade. Reports that come out on Friday afternoons, especially in the summer, are things that those releasing the report would really prefer no one took much note of. Perhaps by Monday the news caravan will have moved on and no one will really have understood?

There’s also that other little clue when the PR budget is vastly larger than the program budget. This means that this is politics, about burnishing the vote gaining abilities of those proposing the plan rather than actually doing anything about the economy or jobs. We might even think that not taking $175 million off the taxpayers of New York in the first place would create more than 408 jobs.

gov does not creat jobs

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From Forbes:

Cuomo’s NY Job Program Creates 408 – Around And About One Walmart Store

I have opinions about economics, finance and public policy.

There’re a number of things that governments are really pretty good at. I’m perfectly happy with their monopoly of legitimate aggressive violence myself. There’re also a number of things that they’re really not very good at – Mom’s apple pie ain’t gonna change whoever is in the White or State House. And it would appear that one of the things that government isn’t very good at is creating jobs. For we’ve got the result of Andrew Cuomo’s lovely jobs and startup plan for New York. Which has created some 408 jobs. To put this in perspective that’s about the number that Walmart employs in the average store. Leading to a modest proposal. Why not stop spending the taxpayers’ money on something that government isn’t very good at and instead just get out of the way and let private sector companies do their stuff?

In fact, in many parts of the country it would actually be simpler to get government to stop doing what it currently does so that Walmart could open a store and employ 400 people.

One of Gov. Andrew M. Cuomo’s most highly promoted economic development initiatives has produced just 408 new jobs across New York State in the past two years, even as the state has spent tens of millions of dollars promoting it, according to a delayed report released on Friday afternoon.

You know when something’s bad news in this trade. Reports that come out on Friday afternoons, especially in the summer, are things that those releasing the report would really prefer no one took much note of. Perhaps by Monday the news caravan will have moved on and no one will really have understood?

The program, Start-Up NY, uses tax-free zones at colleges and universities to attract companies. The report says 159 businesses and their employees have received $1.19 million in tax benefits so far while investing $13 million in the economy. The state also set aside up to $175 million for in-state and out-of-state advertising and marketing campaigns to promote Start-Up NY as well as Cuomo’s economic development proposals.

Seventy-six jobs were created in 2014, Start-Up’s first full year, and another 332 last year.

There’s also that other little clue when the PR budget is vastly larger than the program budget. This means that this is politics, about burnishing the vote gaining abilities of those proposing the plan rather than actually doing anything about the economy or jobs. We might even think that not taking $175 million off the taxpayers of New York in the first place would create more than 408 jobs.

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4 thoughts on “NO VIRGINIA, FOR THE UPTEENTH TIME, GOVERNMENT DOES NOT CREATE JOBS ANYMORE THAN JAMAICA CREATES GOOD POLITICAL LEADERS

  1. Yes it was, but that was fortunately fictional. “Corpse Rerun” Comrie and his utter uselessness to the area he governs over is real.

    the funny thing is that I messed up the second link. It was the Mr Blonde scene from Reservoir Dogs.

    I do hope this fundraiser is still on…

    Like

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