How to Develop New, Real Jobs

                       

Getting the actual unemployment rate to a more normal level is not going to be easy with just meaningless gestures from the administration.

                       

The unemployment rate is actually about 15% when you consider the truly unemployed. Not only those who still haven’t given up seeking a worthwhile job. The truth is, the official unemployment rate is misleading.

To get job creations going, the economy must improve. That means psychology must get rosier. More money has to get into households through economic activity.

What will do that? Lower income taxes, fast. And productive private industry jobs, fast.

To produce jobs you must get small business starts going by cutting their taxes. And you have to cut government debt. Servicing that debt makes it impossible to keep taxes low or to make a dent in debt reduction. It’s really simple. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)