But, is that a bad thing? Sure, it's bad that people are out of jobs. Which means they are probably depending on some sort of government subsidy. But what were those jobs? Were those jobs that were created in the fist place for some bullUAT reason that wasn't even needed, thus considered expendable? That's where I'm coming from. Maybe that is the job market stabilizing itself in the correct way. Maybe that is a sign that companies are putting forth better operating plans, to where they have realized consumers aren't spending as much, so they don't need as much workforce. Like it or not, unemployment is a portion of what a free market economy is. How right would it be for the government to again throw a bunch of money (that doesn't exist, mind you) to create jobs based on.....nothing. Companies just hiring people to, again, do something meaningless that the company doesn't even need. How does that make things better in the long run?
That's kind of my entire point, really. Sorry if I'm being confusing. We have learned that throwing money at this whole thing will not fix it. It won't create lasting jobs. It won't fix things long term. It is a waste. And all at the same time while we are throwing as much money as we can at every little problem, we devalue the dollar that much more, and drive up our debt that much more. For absolutely nothing.
I understand your point, but there are a lot of ridiculous things at work. A lot of companies are collectively sitting on hundreds of billions in reserve right now. They're hesitant to make any significant investments (hiring new employees) because they don't know what Obama's going to do next. At the end of last year, we came to an agreement to extend the
evil "Bush tax cuts". Unemployment began to fall from it's October high of 10.1%. Just a few months later, there he goes again wanting to raise taxes on corporations and
corporate jet owners. You can't continually threaten the job creators and expect the economy to improve.
Most of us have already known that throwing money at this problem isn't going to solve it. The shovel-ready jobs infusion was a stupid idea. He just created a bunch of temporary jobs in minimal ROI/non-productive sectors that don't self-sustain. Once these public works utilities use up the funds, they're just going to layoff the temporary workers. If he was serious about creating long-term growth, he should have cut the corporate tax rate from 35% down to 20-30% and infuse the SBA with the funds used for the shovel-ready jobs programs. Empower the SBA to offer low interest loans to small businesses and new startups with the strongest business cases. Most of our workers are employed by small businesses. This would have gone a long way to improving our situation.
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