The Case of the Missing Job Generator: Entrepreneurs, not government bureaucrats, have been the authors of past economic recoveries

◼ Lawmakers typically have reduced tax and regulatory burdens to facilitate the entrepreneurial process. The sharp recovery from the awful recession of the early 1980s is a key example of these doctors at work. - William Beach/Heritage Foundation

While millions of Americans intuitively understand the importance of innovation and entrepreneurship to our economic well-being, this understanding does not run very deep in Washington. Nowhere else in this country will you find as many people who believe that government creates jobs and that innovation automatically occurs once government cuts a subsidy check.

When the latest recession struck, Washington decided not to enlist the army of innovators and entrepreneurs to lead us back to prosperity by making their economic lives easier. Instead, policymakers embraced a more than $1 trillion government-directed economic stimulus program.

◼ What Oklahoma knows, but Obama doesn’t: Protect public-sector jobs, imperil the employment rate - Tina Korbe/HotAir

...If Oklahoma wants to continue to enjoy a low unemployment rate — and if the national administration seriously wants to energize the economy, lawmakers at every level of government would be wise to continue to develop policies with primarily private-sector job creation — i.e. entrepreneurship — in mind. ...Lots more, at the link.