Monday, November 07, 2011

Another CEO explains the problem

Jim Skinner, CEO of McDonald's, says reducing taxes and cutting government spending are the keys to getting the economy moving again. Actually, the economy has been growing since mid-2009. Lack of hiring is the main problem now, and it's because businesses are waiting for a president who understands what needs to be done (or one that is less interested in creating a socialist utopia than creating private sector jobs). Obama is doing the opposite -- he's raising taxes and increasing debt.

When the governor of North Dakota, a state that is adding a lot of jobs, was asked what's necessary for job creation, he didn't hesitate: low taxes and a friendly regulatory climate. Obama is doing the exact opposite.

Maybe Obama should just hire a jobs czar to help out. Oh, wait, he already did that. He hired Van Jones, an admitted communist. That didn't work so well, did it?

Telegraph story with Skinner here.

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