On the recordMay 14, 2003
Jobs are created by two things. No. 1, enterpreneurism, risk taking, somebody does something. A human activity is required. No. 2, accumulated capital. Jobs come because somebody accumulates enough capital to fund the risk taking. In many instances the risk that is being taken is that the capital will be lost. If we look at the creation of jobs through this prism, that it requires risk taking and it requires accumulated capital, we see things a little differently. It is not a matter of the Federal Government spending $1 billion to purchase 47,000 jobs.
Said by
Bill Bennett
Source
govinfo.gov