This post brought in this comment:
So where are the entrepreneurs that were supposed to ride to the rescue? We’re 2 yrs into this crisis, where are they? Ok ok, we got facebook, we got twitter, but combined they employ less than 1000 people. When are the entrepreneurs going to create jobs? how long do we have to wait?
With all due respect entrepreneurs will create jobs when there is money to be made. Empty commercial office space, including much retail, should be offering people a clue about current money making potential (as but one example of economic vitality). The government making jobs up just because people don’t have them — which is what we are doing — is insane. Additionally, entrepreneurs understand risk management. If the odds don’t look good, they don’t blow their last buck. The government of course doesn’t have to worry about risk management. If it feels good, the government does it.
