The Democrats and Tea-publicans are equally worthless on job creation. Both point to encouraging businesses to hire. (Rs say they need lower taxes and deregulation. Ds say business is spooked by the threat of government shutdowns and threats not to make good on federal obligations.) Both are wrong.
Recovery would begin with consumer spending. For that to happen, consumers need more disposable cash. Whether that’s from extended unemployment benefits for the 99ers, or big public works hiring and WOA-style projects, the government has to jumpstart the economy.
Despooking business won’t help. They won’t start hiring until they have more customers to sell to.
Amazingly, the two parties want to see an American Spring, Yemen-style.