Discussion in 'Current Events' started by toomuchtime_, Jan 11, 2010.
AP IMPACT: Road projects don't help unemployment - Yahoo! News
Even if it did show to assist unemployment...it would only be short term, or for as long as the feds kept handing out money for new projects.
The administration should be working to assist in the production of better paying long term jobs. Not digging ditches and pouring concrete.
Yep. Those hired will be right back in the unemployment line once the project is over.
Sure hope OL'BO has a PLAN for creating jobs.
The administration should be addressing the central problem limiting economic growth and job creation, the shortage of credit to credit worthy consumers and businesses, but Obama is content to make some snide remarks about fat cat bankers, whine about their bonuses and then demand hundreds of billions more be poured into ideologically sound projects that do nothing to grow the economy or create jobs as this article shows.
With so many troubled assets still on their books, so many of their outstanding loans still in shaky shape and so much uncertainty about the future, banks are understandably reluctant to lend freely even to some who appear to be credit worthy at this time. The federal government could quickly and easily remedy this situation by lending at interest to credit worthy businesses and consumers who are turned away by private sector lenders. If these borrowers turn out to be credit worthy, the government, tax payers, will turn a deficit reducing profit on these loans, but even if every loan the government made turned bad, this program would still do more to stimulate the economy and create jobs than pouring all this money into potholes as Obama proposes to do.
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