Here we go again. Robert Reich is making good points again, but also misfiring. This is a problem with blame assignment. Before I even look at Reich's argument, let me clear one thing up from the start. How can the federal government create jobs? It can put more money in people's pockets so that they'll spend it on stuff and increase demand. It can give out contracts for people to do work. It can create tax incentives for companies to buy equipment or hire more workers this year rather than next. That's about it. And what do all those things have in common?
They cost money. They lower revenues. They increase our debt and deficit, at least in the short term.
You know what else they have in common? The Republicans are opposed to doing any of them. [...]
Read it - I won't spoil it by quoting more. :-)
Very well said, IMO.
Cheers,
Scott.