His other reasons for optimism on the jobs front :
* Since the stimulus was passed in February 2009, only $237.6 billion (30 percent) of the $787 billion package has entered the economy. The tax cuts and infrastructure spending in the pipeline for 2010 and 2011 will support job creation.
* New Jersey Transit just approved a $583 million contract for two construction firms to get cracking on a new commuter rail tunnel connecting New York and New Jersey under the Hudson River. It will create at least 1,000 jobs starting next year.
* The the weak dollar point to a second source of support for job growth: exports.
Exports fell from $164 billion in July 2008 to $122 billion in April 2009, but they’ve risen in every month since then, to $137 billion in October. On Dec. 4, Korean Air announced an order for five Boeing 747-8 Intercontinental jetliners for a total of $1.5 billion.
* There’s a work-sharing proposal just drafted in which companies are given incentives to hire more people.
Tax cuts? Where?
When the Bush tax cuts expire at the end of 2010, we will see the largest increase in marginal tax rates since the Carter Administration.
He's joking, right?
It’s not just jobs that are needed, its wealth.
Jobs “created” from government bureaucracies simply trades existing (and forecasted) tax revenues for make-work services. No new revenue (wealth) is generated. Its circle economics that eventually will run dry.
The financials are withering. The financials geerally lead in recoveries and declines. The only thing growing is Government control. Right now they are giving, giving , giving but, soon yes very soon they will be taking back.