Wednesday, December 09, 2009

Boosting employment

Robert Reich shares his thoughts on the administration's work to get employment growth occurring.

I have to agree with his view that the investment from the government has been anemic. Some attempt has been made to stimulate the economy and get people to work. But it has not been remotely what it could be. The investment has not been enough, even now as more money is promised for stimulus. Reich suggests the need for up to $400 billion over the next couple of years, and what we will get is around $70 billion from the TARP returns. Where he sees this leaving us is an even longer wait for the return of near full employment in this country. And when that happens everyone is paying taxes and fewer people need additional government support. So the larger expenses for us all will continue. All so we can compromise for those that want a controlled and limited budget.

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