Mike Shedlock

The Fiscal Times suggests Hillary Clinton is Now Secretary of Job Creation.

The State Department may become the nation's human resources department by adding job creation to its already bulging portfolio.

Secretary of State Hillary Clinton invited U.S. companies to call on Foggy Bottom experts for guidance on increasing their exports, safeguarding intellectual property abroad, and increasing foreign direct investment in the U.S. as part of a new administration effort to promote domestic jobs.

Speaking on Tuesday before more than 200 major U.S. executives operating in more than 120 countries, Clinton laid out the State Department’s plans through a concept Clinton coined “Jobs Diplomacy.” Under this approach, U.S. diplomats will take a more active role in looking out for U.S. business interests abroad, making a stronger effort to share their knowledge of foreign markets with U.S. multinationals.

Although it’s unclear what the exact structure of the State Department-private sector relationship will be, the concept could potentially be a boon to the U.S. economy, said Ted Alden, a senior fellow at the Council on Foreign Relations. “You’ve got in the embassies abroad what really amounts to market intelligence—people on the ground who are familiar with the business environments in the countries in which they are working and companies are looking to break into,” he said.

Farcical Idea

The suggestion that Hillary Clinton is going to be a boon to jobs creation in the US is farcical. The only way government can create jobs is for government to get the hell out of the way. That means less government not more of it.

Indeed, the idea of an actual "Secretary of Job Creation" position is so ridiculous that Obama is likely to embrace it, wasting still more money we do not have on foolish ideas that should easily be discarded.


Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.
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