. . . This is what businessmen do when they are free to conduct business. For example, in the two decades of the 1980s and 1990s, the United States created 73 million new private sector jobs—while simultaneously losing some 44 million jobs in the process of adjusting its economy to international competition. That was a net gain of some 29 million jobs. A stunning 55 percent of the total workforce at the end of these two decades was in a new job, some two-thirds of them in industries that paid more than the average wage.
The Obama Democrats do not believe it or do not like it. That “boot on the neck” some adminstration officials stated is an apt metaphor for their economic policy.
Figuring out what to do is the next problem. Simply backing off from new regulations and taxes is not enough. We need rollbacks of this gargantuan government that is suffocating the private sector.