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This was my suggestion from 1 year ago to !Obama on how to generate more !jobs http://identi.ca/notice/2354137 Get on it, Mr. President!
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@stav To create jobs, hire people for jobs. Fix bridges, clean rivers, go to space, paint murals. Not tax credit, bailout, trickle-down BS.
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@joshix amen. i get frustrated by lack of combinatorial ideas, eg: ~basic~ preventative health care clinics. construction http://ur1.ca/lx5y
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@stav ARRA: ~$780 bn total. ~$300 bn tax relief, ~$150 bn state gov relief. ~<$100 bn - less than 1/8th - infrastructure spending.
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@stav of the $150 bn to the states, some $100 bn to private industry grants/loans/relief. So not AT ALL like what I'm saying.
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@stav What I am pimping is a New Deal program. Direct employment, no fat rich bastard middle man, no "tax relief" imaginary money.
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@exador23 Precisely the opportunity health care could have been, if Obama were up to anything but enriching his handlers.
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@joshix Basically what Howard Dean's been pimping for years. Man, I really missed the boat on that guy. Soundbites are treacherous.
joshix likes this. -
@frankenspock They sure are.
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@joshix Unless they ruin your foes, of course.
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@joshix Economists generally concur with David Birch's pioneering 1979 MIT study that small business is the primary engine of !job creation.
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@stav "The small-business share of job creation is highly erratic. It varies widely over time and from one state to another." - Birch
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@stav More to the point, the most germane finding of Birch's work to our discussion is that tax rate does not appreciably affect that share.
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@joshix That may be all well and true but have you TAKEN A LOOK AT MEGAN FOX'S THUMBS?
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@joshix we've also got lots of good data from the last several credits/rebates that show a very small portion goes back into the economy.
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@joshix i mostly agree, but think krugman nailed the cause. it's not about enriching handlers, but lack of will (or less charitably, spine).
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@joshix rather, people save or pay down debt, which is great normally but useless when you're demand-depressed.
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@stav how do you come by the claim that ARRA lost jobs? all the figures i've seen pretty clearly indicate it slowed loss by a lot.
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@anth Google search on "3 million jobs lost 2009" & you get 40M results. Here's the first one http://ur1.ca/m0hk
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@stav Heritage Foundation. You seriously linked to the Heritage Foundation? It'll be the bleedin' John Birch Society next.
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@joshix As I said, that was the first of 40M results. Pick any of the next 39,999,999 links if you don't like that one.
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@joshix Perhaps Google should censor any Heritage Foundation links... you know, like they censor "Tibet" in China searches?
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@joshix @anth OOOPS.... I WAS WRONG!!! It wasn't 3 million jobs lost in 2009! It was 4 million, according to USA Today http://ur1.ca/m0og
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@stav So after multiple Bush tax cuts, & with ARRA ~2/3rds tax relief, why didn't small business create millions of jobs?
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@stav not disputing that we lost jobs in 2009. but how can you blame that on ARRA, which didn't start until Feb. and has only spent ~20%?
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@stav look at the job loss slope over the preceding ~6 months. it's pretty clear things were headed down the toilet before ARRA existed.
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