Skip to comments.Slate Editorial: Jobs Are on the Way! The pessimists are wrong.
Posted on 12/15/2009 3:51:21 PM PST by SeekAndFind
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I’m loath to say it, but this cretin is basically correct in his forecast, just mistaken about the causes.
Not even the most ardent supply sider ever argued it was impossible to create a single job with the stimulus. Just one government contract to refurbish a bridge can create some construction jobs. The argument was, and even the Keynesians concede, that stimulus effects effectively “borrow” from future growth, as well as imposing the interest expense for the debt incurred. Fidelity did an analysis of the stimulus and found roughly half of it to not have any immediate impact.
We’re recovering, but the best thing the government could have done aside from the banking aspects of TARP is nothing.
Yep. ACORN should be at full temporary employmemt come census time.
I doubt that “jobs are on the way,” because we (the lowly “consumers”) aren’t going to be buying much of anything for a very long time. Instead, we’ll have fun while working at our little, backyard production hobbies (like designing things, casting steel parts, etc.). See y’all on the other side of the big default. ;-)
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