We hear every day about "creating" jobs. The fact of which we must never lose sight is that government does not create private sector jobs. Businesses create jobs, not politicians or government bureaucrats. What government can do is create an environment conducive to attracting and retaining businesses and the jobs that they can provide for Tennesseans.
Ronald Reagan was not only one of the greatest leaders in modern American history but also an individual with a keen understanding of economics. In January 1981, when he took office, our nation was in the midst of some of bleakest economic times since the Depression. Taxes were high, unemployment was high, interest rates were high and the national spirit was low, much like we see today in our state and nation. However, Ronald Reagan had a plan. His plan was simple, yet specific:
1.) Cut taxes
2.) Get control of government spending
3.) Get the government out of the way
If we cut taxes and people have money in their pockets, folks have incentive to invest and build businesses. Jobs will be created and our economy will grow in Tennessee. To cut taxes, government spending has to be seriously curtailed. Our problem is, as I've noted before, not that we're taxed too little but, rather, that government spends too much. State and local government can provide incentives for businesses to locate to our area through tax breaks, etc. However, we should exercise caution on the use of grants to businesses to create jobs and simply hire and train as a part of the grant conditions. Doing such, without due consideration of likely outcomes, has not boded well for our state in the recent past. Our sights are falling short, if we are not focusing on maintaining those businesses in our area and sustaining those jobs over the longterm.