Flaylo
Handsome Devil
Jared Bernstein: Tax Cuts and Job Growth: They're Just Not That Into Each Other
Yup!
The three policy ideas I hear most often for greater job creation are cut taxes, cut regulation, and more education. While I support the latter, especially for those whose access is blocked by income constraints, none of these ideas will do much to increase the quantity of jobs.
What will? Greater consumer demand, an end to deleveraging, a growing housing market, more domestic production of the goods we consume, new innovations that generate hungry, job-creating start-ups financed by now-idle capital, clean energy investment, and if all else fails, a national program to rebuild and repair the nation's infrastructure, from roads to schools.
Boom...there's your jobs program. And I can think of policies that go along with each one of the above--in order: consumer demand: stimulus; housing: loan mods and principal reduction for some, time for others; more domestic production: weaker dollar, smaller trade deficits, manufacturing policies; innovation/start-ups: R&D, public/pvt/academic partnerships; infrastructure: FAST!
Yup!