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View Diary: What's in the American Jobs Act? (148 comments)

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  •  I think in the short term, (2+ / 0-)
    Recommended by:
    hester, mightymouse

    that's what's going to happen.  That's what I'm doing.  But as that debt gets paid down, then I'll have a little money in my pocket to spend.

    --

    Republicans chap my ass

    Me

    by Marc in KS on Fri Sep 09, 2011 at 11:55:30 AM PDT

    [ Parent ]

    •  Agreed. (4+ / 0-)

      I just don't think this is going to be enough for most people to feel comfortable spending -- I think most will go into paying down the credit card and rebuilding the savings people have been having to dip into for a couple of years, and won't be enough to go beyond that. Again, smart things to do -- they're probably what I will do, if this happens -- but not stimulative in any near term way.

      But we'll have to see, and at least it's aimed at the right problem.

      •  I wish there were more (0+ / 0-)

        on the jobs side.  That's what would get us the biggest return on the investment.  Give people good paying jobs, you get infrastructure development, you get people paying taxes, and you get people buying things which stimulates more jobs.

        I just don't get why they don't seem to understand this.

        And I keep thinking about Cheney saying "Deficits don't matter," and wish I had the chance to slap his sorry face.

        --

        Republicans chap my ass

        Me

        by Marc in KS on Fri Sep 09, 2011 at 01:05:26 PM PDT

        [ Parent ]

        •  YES (1+ / 0-)
          Recommended by:
          politicalget

          For a "jobs" program, this does almost nothing for jobs.

          I can't tell whether they actually understand the problem. I think some do, but I think policy makers, by and large, don't. This is a strong pull toward a deflationary environment powered by very weak demand, and they're giving us largely supply side ideas.

          Sad.

          And it is better than nothing, maybe. Maybe. The thing with the economy at this point is that getting it ok again is a little like launching a satellite into orbit -- it has to reach a certain height to stay up there. If you only get it halfway there, it will simply plunge right back to the ground.

          I honestly think this is vastly more about politics than it is about economics. I think they're trying to get the republicans into a very tight political spot, and they may win some better poll numbers out of that. I get that, and I'm glad for it, and I hope it's successful. But the actual policy itself is really, really disappointing to me, and while I understand the need to win political battles, I also just can't get that excited about the exchange of blows there when so many people are really, really hurting, and we're not doing much of anything about that. Not even fighting for ideas that would help in reality.

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