The Jobs Deficit: The Challenge of Putting America Back to Work - Panel 2

[whoo689]

It's not the gov't's job to "put us back to work." Fuck off. We don't need to become dependent on you guys for jobs. Stop being such fucking statists. Work to make the economy more efficient and let it grow, but don't have the gov't actively try to "create" jobs like it's somewhere in the Constitution. Gov't needs to help reduce burdens on growth and then GTFO of the way. Provide incentives for job growth and business expansion to make the boom faster. Stimulus packages don't work.

[whoo689]

@whoo689 The Left focuses way too much on the C when talking about stimulus and too little on the I in the GDP equation. But the fact is, the I (investment) is the main determinant of booms and busts. Yes, it's only 1/6th of the economy, but it contributes about 60% to growth or downturns. Look it up. Any economist knows this; it's basic Macro. So you wanna stimulate the I- which mainly means growth and business expansion, so more people will hire workers and create jobs on their own.

[whoo689]

@whoo689 It's useless to just create jobs, esp. if those jobs are gov't jobs that contribute nothing to the economy and deal w/ stuff like paperwork or bureaucratic makework that entails expanding regulations and rules on the private sector. All jobs are not created equal! One particular job is much more important to the health of the economy than another. Manufacturing is much more important to growth than a simple FDA bureaucrat who denies patients access to potentially life-saving drugs.

[whoo689]

@whoo689 but you guys just think "Well, a job's a job" and don't think long-term or the broader context. Unemployment is not the ONLY economic indicator, esp. to look out for. There about 10 or 20 important indicators analysts look at to determine how the economy's doing. And unemployment LAGS general GDP growth. Plus, let's not forget that there is the G in GDP (government), so more gov't spending CAN artificially make growth seem to happen.

[whoo689]

@whoo689 Ever heard of the regime uncertainty in the 2nd term of FDR's reign as president? FDR became increasingly anti-business, and his actions reflected that. He almost passed a HUGE undistributed profits tax. Businessmen, as polls will show, did NOT feel very confident in investing in FDR's America back then. The NIRA, which effectively cartelized the economy for about 2 years, also seems to have artificially expanded growth for a short time period but had blowback.

[whoo689]

@whoo689 Plus, you guys seem to vastly overstate the amount of extra income after general expenses that consumers, the few million who get 'new jobs' from stimulus packages, that they will spend on general products and supposedly stimulate the economy adn growth ALL BY THEMSELVES w/ no help from entrepeneurs and business expansion. Get real. And in a recession when all you can get is a crappy job when desperate, you'll need to save a lot more than usual.

[TheSevenYearPlan]

Very interesting.

[Stormwern]

Trolls are tiresome..

[MrCropper]

If the government spending is going to help so much, why not just give ALL our money to the government? That would be best of all, right?

Actually, government spending creates INefficiency, not jobs.