John Stossel – No, They Cant!
John Stossel explains in this short video that politicians routinely make grandiose promises, but never deliver the results.
Here are the main points of the video:
Stossel contends that government doesn’t really create jobs. All government does is take money from somebody else to create a job. To support his point, he interviews the following people:
- Keith Ellison, Minnesota Congressman says that the public sector and private sector must work together.
- However, billionaire Mark Cuban says nonsense. The government is inefficient and the private sector must create jobs. He says that he would have a tough time recreating his success today because of the increased burden of regulation. He wonders why government makes it so hard for people to start a business, when businesses provide the real employment for an economy.
- Ed Land, owner of Chattooga Belle Farm in South Carolina, agrees. He decided to go into agro-tourism, hosting weddings at his acquired farm. Now, he’s so sick of government regulations, hoisting a high stack of regulations that require his time and money to comply with. Regulations stopped him from canning and selling his crops. Regulations required him to make multiple little changes to his building. For example, he was required to place a secondary sink next to an existing sink. He observes that bureaucrats keep their jobs by finding problems. Without government intrusion, he says, he could have hired 10 more people.
- Often well-intentioned laws have the opposite effect of what was intended. A case in point is the Americans with Disabilities Act. Before the Act, 51% of disabled people had jobs. Now, only 33% have jobs. Why? Employers see the disabled as a legal threat. They are afraid if they hire the disabled, they face potential lawsuits if they ever had to fired them.
Our country is drowning in regulations, and entrepreneurs are being discouraged from starting and growing businesses and providing the jobs our country desperately needs.