Devildawg15's blog: "Job Creation 101: Tax Hikes Don't Work"

The good news is that the economy created 431,000 jobs in May,
according to the latest government report. The unemployment rate also
fell from 9.9 percent down to 9.7 percent. However, the bad news is
that 411,000 of those jobs were government jobs working on the
Census.

Of course, since these jobs are purely temporary, they will all
disappear when the enumeration ends. So much for the government
creating jobs. The private sector, meanwhile, created only 41,000 new jobs in May and
job losses have leveled off even as job crestion remains stagnant.

Layoffs have returned to their pre-recessionary levels. Hiring,
however, has not returned to pre-recession levels. Between the last
quarter of 2007 and March 2010, the number of monthly new hires fell
from 5.2 million to 4.2 million-a drop of 938,000 workers
(without rounding). Hiring remains well below pre-recessionary rates
even as layoffs have returned to normal levels.

To sum it up, all the bailouts and the allegedly job-creating stimulus
packages have failed to sustainably improve the economy. Yet the
current administration continues to enact flawed economic policies
that siphon money out of the private sector and into the vastly more
expensive public sector. This redistribution of wealth, financed by
heavy taxation and ever-larger deficits, will further slow job
creation and economic recovery.

From a tax bill that includes $47 billion in tax
hikes, now before Congress, to the new health care law and its $500
billion in additional taxes, it seems Washington can't get enough of
our hard earned money. Not to mention Congress' plan to
let the 2001 and 2003 tax cuts expire, which will cause massive spikes
in taxes-and not just for the wealthy.

Each of these tax increases will cause investment to fall, which means
fewer jobs, lower wages and less recovery. A real economic recovery
involves returning certainty to the marketplace.

If the Obama administration's top domestic priority really is job
creation, it should know that spending and tax increases is no way to
go about it.