MasterJaguar01
Posts: 2445
Joined: 12/2/2006 Status: offline
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Of all the political debates on this board, this one is the most intriguing... In this case, I would have to say that both sides are correct. 1) Technically, government can create jobs (as we all know) 2) There are practical, financial, and even moral (IMO) limits to how many jobs government could or should create 3) Therefore, government alone cannot solve the unemployment issue. Mr. Carney, while technically incorrect, was correct in a larger sense. THAT BEING SAID... Caterpillar created roughly 15,000 jobs in 2010. (ALL of them overseas). (Citing government spending on infrastructure projects overseas, and the LACK of it here (except for some, stemming from the Stimulus package)). An example of a government policy influencing the creation of jobs (There ya go, Mr. Carney). Then, of course, there was Ronald Reagan, creating jobs via defense spending. Bush II created some jobs in via defense spending. (Of course the Neocons claimed that it was "tax cuts" for the rich that created those jobs) My recipe for job creation: 1) Government spending on infrastructure (lots of it) 2) Extra Tax incentives for businesses large and small to hire. Of all places, I actually heard an excellent idea from former NYSE chairman, Dick Grasso, on (that dispenser of superior economic wisdom) Neil Cavuto's show. A twist on the old tax holiday for repatriated funds idea. Funds could be repatriated at a highly discounted tax rate, in RETURN for a commitment to hire. 3) Extend and increase tax cuts and credits from which ALL Americans can benefit. High income earners are NOT job creators (never have been). Our economy is driven by the middle class. If the middle class is prosperous, the economy is humming. My .02
< Message edited by MasterJaguar01 -- 8/6/2011 12:30:34 PM >
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