The Obami can’t figure out how to spur job creation. They seem stumped. They’ve spent all that money. So many government programs have been given a boost, and yet hiring remains stagnant. What to do? Well, for starters, they should not let the Bush tax cuts expire. As Mark Tapscott notes, the impact on small businesses, most of which pay taxes under the individual, not corporate, tax rates, is stark:

The top marginal tax rate today is about 41 percent, so the Obama budget, if enacted as proposed, would result in an increase of slightly more than 8 percentage points. If the goal is to generate new economic growth that will lower the unemployment rate among existing jobs and create millions of new jobs in an expanding economy, the direction for taxation of small business ought to be down by 8+ percent, not up by that amount.

Well, that seems like a no-brainer, yet Obama and his congressional allies continue to talk in class-warfare terms. These are the “rich,” and they can afford, indeed they should be, paying more, we are told. But where do the Obami think the jobs and investments come from? Occasionally, the light goes on, and Obama pays tribute to the private sector. He’s going to mush some TARP money over for small-business lending and come up with a tax credit for new hires. But all of this is dwarfed by a giant tax hike on small-business owners, suggesting that he really doesn’t appreciate that every tax dollar taken from a small-business person is one not used to employ another worker or expand a store, factory, or office.

Perhaps if the president or anyone in his administration had ever run a business or been responsible for a payroll, there would be more understanding about the negative impact Obama’s policies (including his mandate- and fine-filled health-care bill) have on those we must rely on to fuel the economic recovery. Unfortunately, this administration is long on academic types and government bureaucrats and short on entrepreneurs. We could use a few about now.