The Face of Economic Illiteracy at the White House: Unemployment Creates Jobs

In a throwback to Nancy Pelosi’s delusional pronouncement that food stamps creates jobs, White House spokesteen Jay Carney has now claimed that unemployment creates jobs.

As previously detailed, government spending does not create jobs. It robs the private sector and leads to less overall jobs for several reasons, including: increased overhead, greater uncertainty, production severed from demand, less overall production, more inflation, deteriorating job skills, not to mention the moral hazard of perverse incentives.