Watching CNN while doing my cardio earlier today, I thought I agreed wholeheartedly with something the President had said about economic growth. But that “news” network quoted* only the second half of the statement he made “during the opening session of the White House Jobs Summit” this morning:
While I believe that government has a critical role in creating the conditions for economic growth, ultimately true economic recovery is only going to come from the private sector.
Well, the second half is right. And, as for the first half, well, that’s a matter of interpretation. In this day and age, government does play a critical role in creating the conditions for economic growth. It creates those conditions by reducing the burdens it places on those institutions in the private sector which create jobs.
I do hope he considered plans to reduce those burdens, making it easier for entrepreneurs to expand their enterprises and innovate their services.
*On a chyron while showing him speaking at said summit.