Stimulus Job Creation - States Include 1 Week Jobs in Tally –U.S. Corporate Tax Remains 2nd Highest Globally - Long-Term Jobs Stay Abroad.

Stimulus at Work - image: Red County

Massive government spending programs aimed at job creation is nothing new – under the Carter administration, government job creation was preferred to “tax cuts”, and a stimulus for job creation failed..

Fast forward 30 plus years, and the Obama administration’s stimulus for job creation is stagnant. In order to boost the numbers, the AP is reporting that certain states count jobs that last only 35 hours as a “job created”. The Administration is using a different method of accounting, whereby a fulltime job is counted as 1, a part-time job, as ½ of a job, and a temporary 3 month job as a ¼ job – adding part time and contract jobs into the mix allows the administration to “boost” jobs created under the stimulus.

The problem remains that jobs being created or “saved” are in the government as opposed to the private sector, where there is little room for growth in a position, and long-term employment is based on political fortunes. An overhaul of the current tax structure, a flat tax, or fair tax, cutting “loopholes” would have been this “Monday-Morning Quarterback’s” preferred method of creating jobs, while stimulating the economy. Additionally, the corporate tax rate should be lowered in order to compete globally. Currently, the U.S. has a corporate tax rate that is the 2nd highest globally (Tax Foundation) and the Obama administration is proposing additional taxes on corporations which can only cause U.S. concerns to be less competitive. In lowering the corporate tax rate on a state level (Take Massachusetts, for example, who’s state tax rate is the 4th highest globally, while the other 49 are not far behind ”leading the world” in corporate tax rates(Tax Foundation).

Therefore, the key is to create private sector jobs, that will employ individuals for longer periods of time, allow for personal growth through promotion, and increase the tax base – by lowering the state and federal corporate tax rate – to induce U.S. as well as foreign concerns to set up shop in the U.S. – a bold move to be sure for a campaign that promised to tax the rich (without explaining that the “rich” are generally the “employers”). History, repeating itself, while some in the State and Federal job creation business are busy re-writing both mathematics and history in an attempt to continue to sell the people a bill of goods that would make P.T. Barnum’s competitor (Hannum – created the phrase “There’s a sucker born every minute.”) blush.