Posted on 10/03/2009 8:51:18 AM PDT by SeekAndFind
The WPA and the CC did nothing to generate wealth or create new jobs. They might as well handed out money for doing nothing as to have made those make work projects. The real solution is to cut taxes, eliminate corporate income taxes and capital gain taxes, abolish the EPA and keep just a few common sense enviro laws. Spending more money is what kept the depression going until WWII started and after. Real recovery didn’t start until 1946. FDR was after the same thing Bozo is after now, collapsing the economy and shifting it to government control, fortunately for the US, WWII came along and then the communist SOB died.
That this fraud can call himself an economist amazes me.
Robert Reich endorsed Obama.
Right now, its the only option. Average Americans have little earnings to stimulate demand. And less credit, apparently.
parsy, who is not optimistic at all
This guy is living in a dream world of somesort. He's telling us that only heavy construction jobs outdoors can bring us out of the current unemployment situation.
I get the distinct article this guy has no idea how roads are built, bridge repaired, major earthmoving projects are handled.
Nope, we don't use a bunch of guys with shovels earning 50 cents a day digging holes!
Wrong - Bzzzzt
Check the US WWII post war bombing survey. Germany still had 80% of their industrial/war making capacity.
Britain had increased their industrial output, and the National Socialist occupied territories: hardly touched.
80%?? Where did you get that stat?
Need jobs? Create an incentive to hire people.
1. Renew the Bush tax cuts to encourage businesses to expand include the tax reform package an elimination of the capital gains tax. “Pay for it” by a 2 year freeze on Government spending and a re-imposition on the 1995 “Pay as you go” Congressional budget rules with none of the current loopholes
2. Offer a $1500 per new employee tax credit to business to cover the hiring and training costs.
3. Kill cap and trade, health care reform and all the other boodgoggle anti capitalism bills currently being considered in the Congress. Have 0 vow to veto any legislation that will cost real current US jobs with vague promises about imaginary “Green” job in the future.
4. Pass the Developing America’s Resources act to remove all bottlenecks and obstacles in Government regulation that is blocking development all US energy resources and commit the US Government to exploiting any and all US energy sources to end our dependency on imported energy.
What all this current govt intervention in the Economy is doing is causing business, and capital, to hunker down in a bunker mentality wondering what new Govt boondoggle they are going to be told to pay for.
The problem is lack of jobs, the solution is to incentives the 10s of thousands of businesses around the country to hire a few people and create new jobs by eliminating Govt regulations that prevent us from doing things to develop our own energy resources.
These are long term solution that also provides immediate short term gains.
He IS high on Obama’s policies. He’s saying the only thing that can provide jobs is the government.
Democrat must be the Greek word for delusional. They all point to FDR as the role model for economic recovery, and they might be right if you are willing to wait ten years and fight a world war to get there.
Factually incorrect. The US is still the world's largest manufacturer as well as, by far, the worlds largest market and economy.
FDR, Jimmy Carter, Richard Nixon and now 0 have followed this National Socialist Keynesian model and produced stagnant economies and record unemployment.
The facts are there. That people like Reich do not see them is because they are so welded to the political views their father taught them they cannot be bothered with simple, basic facts.
mmmm mmmmmm mmmm
I think there's a song in there somewhere.
And all I’ll say is you are far more favorable towards Roosevelt than I am.
Really? I think he was a communist a**hat that should have been kicked out of office after his first term:)
Yeppir, and I don't think THAT much of him.
I disagree with Reich on... well, most everything, but he’s always struck me as a decent human, and he ranks high on my list of folks I’d like to have a beer with.
His reasoning here is bass-ackwards, but the offer of a nice foamy ale stands.
Is this another Eloy liberal calling for Morlocks to work harder or what?
Robert Reich? Wow, I thought this man was high on Obama’s policies. This is big IMO.
I don't think you read the whole piece. He attacks Obama from the left.
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