Banks Holding 1.4 Trillion, Could Create 19 Million Jobs

Bob Pollin: Study looks at impact of 1.4 trillion in excess liquid asset holdings if put in productive investments

Category:

News & Politics

Tags:

• Banks
• Trillion
• Jobs
• Bob
• Pollin
• Study
• impact
• excess
• liquid
• asset
• holdings
• productive
• investments

[justjulie37]

Yeah, we keep hearing about these damn job creators, and yet, where are the jobs?

[nhnet]

Banks have our money. The End

[flawedbeauty82]

@Anonymous247n Any kind of job that pays a LIVING wage.

[117JCW]

Fuck all these government bail-out fat cat banks. I wouldn't piss on them if they were burning let alone bail their incompetent asses out of their own mess.

[thehipi]

As always, The Real News has provided a priceless service in it's unique reporting on these solutions, ignored by so much of the Lamestream corporate media. My Q is- what does Mr Pollin feel this $1.9T will be invested in? We still have no demand right now - doesn't that mandate direct govt hiring- WPA style infrastructure programs-etc?

[Lurie2010]

Bob Pollin, you are delusional. Things are going exactly as planned.

You simply do not begin to understand the Plan.

[phackqu]

They will create jobs only to ship them over sea's or plot out a scheme that will end up in bankruptcy?

[akrulla]

Why create jobs when it's cheaper to just use machines? Mechanisation!

[ajvhan]

fucking keynesian. spend spend and spend more. more and more and more debt. more and more government. give money to who? to do what with it? PERI sucks big time. create more money and the jobs will be created. what kind of jobs? who will return the debts than? your guest is a moron

[707hoser]

The job creators are going to create jobs where they think they can get the biggest return. That is not in the western world but in the developing countries. Of course, nobody is going to invest if the consumer in the US and Europe doesn't have enough money to buy anything.

[sk8tafrnk]

@overseachininadoll Then boo hoo.

You're thinking like the banks. They want to make money NOW. People want long term stability. These polices are going to increase the stability of the market long term.

In the beginning, if all of the things you propose happen, saying the banks will survive them is an understatement. Bankers can take the punch, and they will still have food on their table. People can't take the punch, as demonstrated by the recession.

That's the point.

[sk8tafrnk]

@theindiekidable haha.