Obama policies stifle creation of jobs

The national unemployment level is now at 10.2 percent and our political leaders know how important finding or keeping a job is for most of our citizens. It is for this reason that we've been given stream of data from the Obama administration that reflects the number of jobs created or saved because of the stimulus funds.

I think that in doing this, our leaders are just "patting themselves on the back," and they also want us to think that they were wise by voting for the stimulus program.

There are at least two problems that have emerged from the report about job creation or preservation.

First, as Daily Herald reports informed us, the numbers given out by the Obama people have been meaningless hyperbole.

Second, where jobs have actually been created or saved, the vast majority are public sector jobs. Money paid out to public sector employees is just an expense to the taxpayers; and this just makes matters worse, not better.

Public sector jobs, especially temporary ones, do not have a significant an impact on economic growth. In fact, the expense of hiring more public sector employees just jacks up our nation's annual budget deficit and its national debt. Thus, the government has to borrow more money to cover the added payroll costs; and this serves to cheapen the dollar and make goods and services more expensive for all. We all should be alarmed about the serious suggestion by other nations that the dollar be dropped as the standard international currency.

True economic growth can only be realized when private individuals and firms create new jobs. Our political leaders have made it clear that they hate business, they hate capitalism, and they want to take over, unionize, and/or tax and regulate private enterprise to death.

Charles F. Falk

Schaumburg