I actually agree with the NY Times on job creation

"This Year's Housing Crisis" NY Times January 4, 2010

I love the way this editorial throws out the phrase that "job creation should also be a priority..."

How do you create jobs?

Uh...the article fails to mention that, but I think we can assume it means a "jobs program."

What is a job? It is a productive endeavor that adds value to someone's life. If a job or business or entrepreneur does NOT add value to someone's life, that job, business or service cannot be sustained.

So the real question is, how do we as people add value to others? This means we need to create a product or service that is worth more than the money they pay for it. In other words, adding value.

To do this we have to understand was is of value to others, create a product or service that meets a need, communicate the value we have to offer to our target audience, deliver the product or service and then maintain the customer relationship. Sounds like standard business practice? Yes.

But how does the government create jobs?

It really isn't very good at any of the above. It is very good at taxing, creating permanent programs, spending and carving out political favors for its supporters.

So, how can the feds best create jobs? By getting out of the way of the above business process. Give us a stable low tax rate, reduce the byzantine regulatory structure that helps no one, stop sucking up all the capital for expansion with deficit spending and stop bailing out the ineffective businesses that deserve to go out of business. This is a good start.,

But somehow I don't think that this is what the NY Times means when it talks about job creation.

in reference to:

"Job creation should also be a priority so that rising unemployment does not cause more defaults."
- Editorial - This Year’s Housing Crisis - NYTimes.com (view on Google Sidewiki)