New study shows what really works to improve an economy

Discussion in 'Economy' started by Truthmatters, Aug 20, 2010.

  1. Truthmatters
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    New Study: Funding Public Services is the Best Route to Prosperity Talking Union


    The New England states, can no longer afford to spend scarce resources on tax credits and other business giveaways. Instead, the region needs to focus its economic development efforts on rebuilding neglected infrastructure and improving education for people at all levels, from pre-school youngsters to older adult workers.

    Those are the conclusions of a new study released today by economist Jeffrey Thompson of the Political Economy Research Institute (PERI) at the University of Massachusetts, Amherst. Thompson’s paper is based on his extensive analysis of research on what works and doesn’t work to create jobs and strengthen state and regional economies. It suggests a better approach to economic development, one that the New England states should pursue as they slowly dig out from the Great Recession that began in late 2007.
     
    Last edited: Aug 20, 2010
  2. Truthmatters
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    The study provides ample evidence that infrastructure (roads, bridges, dams, energy transmission systems, drinking water, etc.) and education are effective approaches for creating jobs and generating economic growth in the state and region. Many of these activities — road and bridge repair in particular — bring in matching funds from the federal government as well as triggering investment from private businesses. And by necessity, infrastructure repairs employ local workers and local materials: it’s just not possible to have an underground water main located in Providence replaced in China.
     
  3. CountofTuscany
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    Isn't this what we were told the main focus of the Economic Stimulus Package would be? It was all about rebuilding what they called our crumbling infrastructure. We were going to create jobs by rebuilding a neglected America. I was all for it, but it never materialized. A token dollar amount was allocated to this cause.
     
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    And why was that?
     
  5. California Girl
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    Because your fucking moronic Messiah pissed it away. Idiot.

    And... for the record.... research doesn't 'show', it suggests.
     
  6. CountofTuscany
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    Are you asking me why only a token amount was directed to the original intent? I'd have to say government corruption. Pet projects, long lacking funding, were selected over the good of the national economy.
     
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    I'm just wondering, if this new study is so accurate.... why countries with vastly larger (proportionally speaking) public sectors than the US are in the same - or worse - economic situation than we are. Hmmm.

    And, it's a union blog that you link to.... If I am expected to take anything seriously, I'd like to evaluate the original research, not what some union spinner says.
     
  8. Truthmatters
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    Republicans Voting Against Stimulus Then Asked Obama for Money - Bloomberg

    The republicans repetedly claimed tax cuts work and spending doesnt.

    They fought for reductions in the stim package and then would turn arround and voted against it anyway.

    They then turned arround and held their hands out for the money.


    Why didnt they fight FOR our economy instead of just voting against the dems?

    Because they wanted the package to fail because they place party over country.
     
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  10. Truthmatters
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    Unfortunately, Thompson describes how, instead of making these investments, state policymakers are too often turning to corporate tax breaks to lure businesses, and public subsidies for employers who promise to hire workers. These policies have been tried for decades, but the evidence suggests that these tax subsidies — to which the region dedicates billions of dollars each fiscal year — just don’t work.
     

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