The large mufti-national companies are not where new jobs come from. These companies will usually spread any increase in their work forces throughout the world with only a small fraction allocated to the US. So government incentives that are targeted to advantage this corporate category is not productive or cost effective.
The engine that truly drives the growth of jobs in the US economy is innovation and its handmaiden, new small company establishment and growth. The underfunding of the US patent system during the last decade has nearly crippled commercialization of new ideas in the US which in tern has led to a increasing erosion of the US jobs base. This last Thursday, the House of representatives voted to rewrite the 60-year-old patent law to give inventors a better shot of obtaining patents in a timely manner and bringing the U.S. patent system in line with those of other industrialized nations. The legislation also takes steps to help the underfunded U.S. Patent and Trademark Office deal with a backlog that forces inventors to wait three years to get a decision on patent applications and has swamped the agency with some 1.2 million pending applications. Another drag on innovation and associated American prosperity is the restrictions placed on immigration that have been set in place since the 9/11 attack. The worlds best and brightest have been largely excluded from setting up new companies that would exploit their innovative ideas. During the Clinton administration, new small company formation mostly in the high tech and internet areas was instrumental in the production of 20,000,000 jobs. The anti-innovation policies set in place by government during the 2000's was one cause in a great reduction in the formation of small companies and the jobs that spring from them. Easing the patent process is one big step that will help the jobs problem in the US. On Thu, Sep 8, 2011 at 8:14 PM, <fznidar...@aol.com> wrote: > > > He is going to streamline the patent process. I hope he takes personal > charge and helps > Rossi get his patent in the USA. > > > I cant help myself, I love the man. Great speech, he is a war time > president, at war with the > collapse of America. I wish I could counsel him on cold fusion with Jed. > That would be a dream. > > Obama, we in the new energy field are trying to make your dreams come > true. > > > Frank Znidarsic >
