tag:blogger.com,1999:blog-4616542941395272083.post3532590674248677970..comments2023-05-23T04:21:47.246-07:00Comments on morning coffee: $1T More Spending PleaseJim G.http://www.blogger.com/profile/00142119429985458217noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4616542941395272083.post-35930950166761806132010-08-07T08:24:16.583-07:002010-08-07T08:24:16.583-07:00Uhem.
We have had seven consecutive months of job...Uhem.<br /><br />We have had seven consecutive months of job growth after inheriting an economy that was shedding 700K per month. What isn't working, Doc?<br /><br />Reminder: Clinton created 23mm jobs. Bush created ZERO. Why would we want to return to the GWB way of doing things?<br /><br />The economy is growing again...Baxterhttps://www.blogger.com/profile/16542863255802738652noreply@blogger.comtag:blogger.com,1999:blog-4616542941395272083.post-71080691674003391422010-08-07T07:45:49.282-07:002010-08-07T07:45:49.282-07:00This comment has been removed by the author.Jim G.https://www.blogger.com/profile/00142119429985458217noreply@blogger.comtag:blogger.com,1999:blog-4616542941395272083.post-39407623543908330252010-08-07T07:45:44.647-07:002010-08-07T07:45:44.647-07:00So far the Obama team has thrown the entire Keyens...So far the Obama team has thrown the entire Keyensian playbook at the economy. We have paid people to buy cars, purchase homes, pay off their mortgages, weatherize their homes and put solar paneling on their roofs. And of course there was the original stimulus package of $862 billion, though some of that remains unspent. None of it has put America back to work. <br /><br />More<br />U.S. Job Market Loses Steam <br />Resistance to Spending Crimps Options <br />Economists React: 'The Great Stall' Takes Hold <br />From Man-cession to He-covery <br />Drop in Temps Signal Trouble Ahead <br />Jobless Rate May Be Headed Higher <br />State/Local Jobs Cuts Accelerate <br />.The policy lesson is that you can't have a jobs recovery without private confidence and investment. The Obama crowd bet that you could force-feed private investment with government spending and politically directed credit, but the result has been to traumatize business instead. Why would a small business owner hire anyone new if he knows that taxes are going up, health-care costs are sure to rise, and the cost of each new employee is uncertain? Nor can you inspire business confidence if you demonize bankers and business. <br /><br />The economy is now 2.5 million jobs short of where it would need to be to get back under the 8% unemployment rate we were promised. With the federal government running a $1.4 trillion deficit, Speaker Nancy Pelosi is calling the House back into session to pass a $26 billion "stimulus" bill to give cash to states, cities and teachers unions.<br /><br />As the evidence mounts that government spending doesn't create net new jobs, the White House insists we need to double down on spending and monetary stimulus. We've now had three years of this policy, and it isn't working. Time to try a different economic model, the one that worked in the 1980s after another severe recession.Jim G.https://www.blogger.com/profile/00142119429985458217noreply@blogger.comtag:blogger.com,1999:blog-4616542941395272083.post-58910090583654723172010-07-31T11:50:56.771-07:002010-07-31T11:50:56.771-07:00This comment has been removed by the author.Eric Martinhttps://www.blogger.com/profile/12206597713747866047noreply@blogger.com