Today, the White House holds its “Jobs Summit” stunt. It’s typical Washington-think: Assemble interest groups and concoct special tax credits and handouts to the politically connected. What conceit. The political class think that economies revolve around them, that Washington makes things happen, that politicians are the most important players. Today’s Washington Post suggests that the way to create jobs is public spending by the federal government: Obama's options are limited, as the administration already has signaled that it is unwilling to make any investments that would add significantly to the nation's ballooning deficit. At least the Administration talks about the...
