Hiring Chill

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Two hoary economic truths rediscovered by the Obama administration are not just that the state can’t “create jobs” but also that it can, through one opportune policy or another, diminish employer enthusiasm for additional hiring.

That’s one sure effect of halting drilling for oil in the Gulf of Mexico, of the new health plan, of extending unemployment benefits, and of many other superficially attractive policies. Nonetheless, the bullshitter-in-chief insists that new jobs are a top priority for his administration. How can he keep a straight face?

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