Tuesday 8 June 2010
Still 'Jobs, Jobs, Jobs' (by Leo Hindle Chairman, U.S. Economy/Smart Globalization Initiative at the New America Foundation)
Some pluses some minuses, Leo
1) New deal job corps. Good idea - take Robert Reich's proposal to put the unemployed on the beaches in the Gulf fighting oil, paid for by BP.
2) Buy Domestic: Bad idea - this is what turned the 30s from a recession into a world-wide depression.
3) Infrastructure: Iffy idea - we tried this with the stimulus plan. Are you saying it isn't working? If not, why do it again hoping for a different outcome?
4) New taxes: Good idea - but do not exempt IRAs and mutual funds and add repeal of the Nixon tax breaks for ALL income levels.
PS: looking at credit-card debt, it is not surprising that voters "barely understand" the deficit.
Put it in simple terms: "If, year after year, you spend more money than you make, you go broke."
1) New deal job corps. Good idea - take Robert Reich's proposal to put the unemployed on the beaches in the Gulf fighting oil, paid for by BP.
2) Buy Domestic: Bad idea - this is what turned the 30s from a recession into a world-wide depression.
3) Infrastructure: Iffy idea - we tried this with the stimulus plan. Are you saying it isn't working? If not, why do it again hoping for a different outcome?
4) New taxes: Good idea - but do not exempt IRAs and mutual funds and add repeal of the Nixon tax breaks for ALL income levels.
PS: looking at credit-card debt, it is not surprising that voters "barely understand" the deficit.
Put it in simple terms: "If, year after year, you spend more money than you make, you go broke."
# posted by Had It in Holland Park @ 23:52 
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