Who Creates Jobs?

Last night, Perry, Romney and Huntsman jousted over their respective records on employment. In response, Edward Glaeser downplays politicans' ability to create jobs:

I would give more credit to Utah’s smart workers and entrepreneurs than to Huntsman for the state’s success during Huntsman’s tenure from 2005 to 2009. And I wouldn’t blame Romney, who served from 2003 to 2007, for Massachusetts’ slowdown after the tech boom. The economist Justin Wolfers has found that voters reward governors for lucky economic breaks, like oil price increases in energy states. We should guard against our tendency to give either governors or presidents too much credit for the economy.

Avent agrees, with caveats.