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Essay text:
After China took over Hong Kong, it created various new
benefits for workers -- and unemployment rates hit 7 percent, not high
by European standards, but a multiple of what it had been for years.
What all this says, in various ways, is that there is no free lunch --
not even during election years.
Senator John Kerry says that he would create 10 million jobs if he
were President. But Presidents don't create jobs.
The most a President can do is have policies that allow private
employers to create jobs. Foolish policies can destroy jobs and prolong
a recession or depression but Presidents cannot "grow the economy," no
matter what political rhetoric says...
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