Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

[Flaylo]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.

If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.


"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.

"Getting the banks and corporations to move their hoards into productive investments and job creation requires carrots and sticks -- policies such as a new round of government spending stimulus as well as taxes on the banks' excess reserves -- that can both strengthen overall market demand and unlock credit markets for small businesses," Pollin said.

Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

 

[blastoff]

Brilliant! More stimulus spending and taxes on businesses.

It ain't like the lefty dickwads haven't already tried that losing formula.

 

[Conservative]

A... HuffPo
B... About the OP author...
Froomkin out at Washington Post (UPDATED) - - POLITICO.com

Washington Post has terminated its relationship with liberal columnist/blogger Dan Froomkin. Froomkin authored the "White House Watch" blog and was told today that the blog had essentially run its course.

In other words... 'he's a blogger'. He has no financial or economic expertise or training. WTF should I give a shit what he says?

 

[Truthmatters]

It is already working you fact challenged twit.

The ONLY people who think stim doesnt work is tea party clowns.


Ask an economist

 

[Flaylo]

A... HuffPo
B... About the OP author...
Froomkin out at Washington Post (UPDATED) - - POLITICO.com

Washington Post has terminated its relationship with liberal columnist/blogger Dan Froomkin. Froomkin authored the "White House Watch" blog and was told today that the blog had essentially run its course.

In other words... 'he's a blogger'. He has no financial or economic expertise or training. WTF should I give a shit what he says?

Shithead, I posted another link that you didn't bother to read that had nothing to do with HP.

 

[Full-Auto]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.

If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.


"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.

"Getting the banks and corporations to move their hoards into productive investments and job creation requires carrots and sticks -- policies such as a new round of government spending stimulus as well as taxes on the banks' excess reserves -- that can both strengthen overall market demand and unlock credit markets for small businesses," Pollin said.

Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

SO A GROUP FROM MASS WITH ZERO PRIVATE SECTOR EXPERIENCE IS GOING TO SAVE THE WORLD.

 

[Claudette]

Funny results on the stim.

If it were working the country should be booming by now.

It ain't.

 

[Truthmatters]

education means things.

You see they study the market from all aspects and hazve no dog in the fight.

They are better informed than the guy who owns any ONE company

 

[Flaylo]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report

Corporate America is sitting right on top of the solution to the nation's employment crisis, according to a new report from a group of University of Massachusetts economists.

If America's largest banks and non-financial companies would just loosen their death-grip on a chunk of the $3.6 trillion in cash they're hoarding and move it into productive investments instead, the report estimates that about 19 million jobs would be created in the next three years, lowering the unemployment rate to under 5 percent.


"There is no reason that the U.S. needs to remain stuck in a long-term unemployment crisis," Robert Pollin, lead author of the report and co-director of the Political Economy Research Institute, said in a statement accompanying the report's release Tuesday.

"Getting the banks and corporations to move their hoards into productive investments and job creation requires carrots and sticks -- policies such as a new round of government spending stimulus as well as taxes on the banks' excess reserves -- that can both strengthen overall market demand and unlock credit markets for small businesses," Pollin said.

Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

SO A GROUP FROM MASS WITH ZERO PRIVATE SECTOR EXPERIENCE IS GOING TO SAVE THE WORLD.

Thats the best fucking argument you have? You fucking suck big time, these people are economists

 

[Truthmatters]

Funny results on the stim.

If it were working the country should be booming by now.

It ain't.

DEEP trough mean anything to you?

Your guys gave us a very deep trough to climb out of.

 

[Flaylo]

Funny results on the stim.

If it were working the country should be booming by now.

It ain't.

And the Bush Tax cuts brought unprecedented job growth to America.

 

[Conservative]

It is already working you fact challenged twit.

The ONLY people who think stim doesnt work is tea party clowns.


Ask an economist

Why the Stimulus Failed
[ame=http://www.youtube.com/watch?v=Z2_Cj3fywqs]"The Stimulus Failed," Says Jeffrey Sachs, Columbia U Economics Prof - YouTube[/ame]
Economists: The stimulus didn't help
Nearly 100 Economists Say Stimulus Has Failed
Stimulus failure: A costly lesson on Keynes and Say’s Law?

The Facts About Stimulus Spending

The chart is based on the most recent data from the Bureau of Labor Statistics and the Center for Data Analysis. As you can see, the administration’s promise that the American Recovery and Reinvestment Act (ARRA) would keep unemployment rates from reaching 8.8 percent and would create some 3 million jobs—90 percent of them in the private sector—did not materialize.

The unemployment rate started at 7.6 percent when President Obama took office and peaked at 10.2 percent in October 2009. Since the enactment of the stimulus bill in February 2009, the unemployment rate has not approached pre-ARRA levels, even though $382 billion has been made available by government departments and agencies (on top of tax credits and other tax-related items). In fact, unemployment recently edged up, from 9 percent in April to 9.1 percent in May.

Based on this data, it is hard to make the case that doing more of the same will help.

 

[Dragon]

Funny results on the stim.

If it were working the country should be booming by now.

"Working" means delivering the results designed. The stimulus was designed to create 2-3 million jobs at a time when we needed 10-12 million. It worked.

It was no more designed to restore full prosperity than it was to give people the ability to fly without airplanes.

 

[Soggy in NOLA]

It is already working you fact challenged twit.

The ONLY people who think stim doesnt work is tea party clowns.
Ask an economist

Yes, and that mental giant Krugman want even more.

 

[Full-Auto]

Corporate America Is Sitting On The Solution To The Jobs Crisis: Report





Link to the report


http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_19Million.pdf

Repugs will still blame Obama and mythological job killing legislation without any proof and ignore that businesses hoarding cash are the real fault.

SO A GROUP FROM MASS WITH ZERO PRIVATE SECTOR EXPERIENCE IS GOING TO SAVE THE WORLD.

Thats the best fucking argument you have? You fucking suck big time, these people are economists

Your academics were hired for economic policy before they were run out of town.

When will you present a valid argument.

Now quit sucking Obamas dick would you aswipe.

 

[Conservative]

A... HuffPo
B... About the OP author...
Froomkin out at Washington Post (UPDATED) - - POLITICO.com

Washington Post has terminated its relationship with liberal columnist/blogger Dan Froomkin. Froomkin authored the "White House Watch" blog and was told today that the blog had essentially run its course.

In other words... 'he's a blogger'. He has no financial or economic expertise or training. WTF should I give a shit what he says?

Shithead, I posted another link that you didn't bother to read that had nothing to do with HP.

I wasn't commenting on that link, shithead. I was commenting on the one you quoted from, shithead. Get it, Shithead?

 

[Claudette]

Funny results on the stim.

If it were working the country should be booming by now.

It ain't.

And the Bush Tax cuts brought unprecedented job growth to America.

The UE throughout Bush's terms in office was around 6% until just before he left office when it was around 7%. Everyone who wanted a job had one. Hell. I had two.

The tax cuts were suposed to expire. I do believe Barry and Congress extended them.

 

[Truthmatters]

Go get the numbers to prove what you claim

 

[Mad Scientist]

It is already working you fact challenged twit. The ONLY people who think stim doesnt work is tea party clowns.
Ask an economist

Ok I will:
Nearly 100 Economists Say Stimulus Has Failed | RedState

“nearly 100 prominent U.S. economists…are telling President Barack Obama that his economic stimulus has failed and that ‘immediate action is needed to rein in federal spending."

I guess "education means things" right?

 

[Flaylo]

SO A GROUP FROM MASS WITH ZERO PRIVATE SECTOR EXPERIENCE IS GOING TO SAVE THE WORLD.

Thats the best fucking argument you have? You fucking suck big time, these people are economists

Your academics were hired for economic policy before they were run out of town.

When will you present a valid argument.

Now quit sucking Obamas dick would you aswipe.

Can't make a coherent argument? Get the dick out of your mouth shithead.