Tuesday February 5, 2013, 3:53 am
Right now the US economy is stuck in a vicious circle. Potential employers are not expanding production, so they are not hiring, because demand for their products and services is low. Demand for their products and services is low, because so many people are unemployed, and far too many of those that are do not make enough to support their families, let alone consume additional goods and services. So many people are unemployed and underemployed, because potential employers are not expanding production, so they are not hiring. Recovery demands more and better jobs.
Tuesday February 5, 2013, 5:22 am
It would help if people were paid a living wage. Unfortunately, that is highly unlikely. Why aren't we investing in some public works projects to fix the crumbling infrastructure? That is glaringly obvious.
Tuesday February 5, 2013, 5:59 am
"Note the differences between recoveries from the great Republican Depression, and the Republican Recession. So fall all the income growth has gone to the super-rich while the rest of us are losing. That is why me need programs similar to those instituted by Roosevelt in the 1930s to get people working, give them money to spend, thus creating demand for more products and services to provide potential employers the incentive to increase production. That will, in turn, increase tax revenue for the government to eliminate the deficit."
I do so agree – not only does the USA need such things, but so does the UK! (Fat chance with the Tories in power!).
Increased spending and increased taxes are the only way to resolve the mess we are in, austerity does not repair economic problems, and history shows that these extreme measures only suspend the length of time before recovery can begin. In either case, the rich will still benefit, but they benefit more when people are working and have money to spend.
Krugman has written at lenght in various places about this.
I have no idea why he is not quoted EVERYWHERE.
Due to circumstance RIGHT NOW the U.S. Gov needs to SPEND MORE !!!!!!
In simple terms....We need jobs and better wages so that we THE PEOPLE can SPEND MORE !!!!!
Just as the environment of the planet is a circle, so is the environment of out economics.
Tuesday February 5, 2013, 5:40 pm
Welcome back Tom we rally missed you, So glad you are feeling better and back with us, I agree with Judy about fixing the crumbling infrastructure it is way pass time.
Tuesday February 5, 2013, 9:39 pm
Increase minimum wage.
Stop out sourcing of jobs to China, India etc.
The 1% need to invest in the country with their 21.5% income increase insteading socking it away in foreign banks.
Support stimulus spending. After all, it was government stimulus spending that significantly helped end previous recessions during both Republican and Democratic recessions. FDR understood!
History has recorded this before — been there, done that — and it worked! The only reason it hasn't worked this time is because the Republican/Teabaggers, unrepentant obstructionists, hold up anything that would help.
A mortgage broker that I assisted on many occasions used to say: I'm a lawnmower. Your ass is grass. Get it done or I will cut you down. Take note Republican/Teabaggers and Democrats alike, the people are the lawnmower. Figure out who YOU are. 2014 and 2016 are coming!
Potential employers are not expanding production, so they are not hiring, because demand for their products and services is low. Demand for their products and services is low, because so many people are unemployed, and far too many of those that are do not make enough to support their families, let alone consume additional goods and services. So many people are unemployed and underemployed, because potential employers are not expanding production, so they are not hiring.
This has been going on for some time. But I thought that the Republican/Teabaggers said that if the "job creators" got more tax cuts, or at least didn't get a raised tax rate, things would be good! Did they lie again?
Billionaire Nick Hannauer is so good at explaining this. The Republican/Teabaggers should let him explain it to them, as if that will ever happen.
Tuesday February 5, 2013, 11:11 pm
One HUGE reason employers are not hiring is Obamacare. Also, the tax hike on the "rich" hasn't helped.
Once the next phase of Obamacare is implemented, thousands of jobs in the medical profession will be eliminated.
Stop the exchanges in your state. We need health care reform, but this law was never researched enough.
If we stop the exchanges,Congress will have to revisit the law,
Write, call or fax your governor and ask him to block the exchanges.
Wednesday February 6, 2013, 2:36 am
If a step forward on healthcare means I have to pay an extra 15 cents for my pizza so be it. Elections have consequences. So make it 30 cents per pizza and take the next step to ensure everyone has the basic human right of healthcare and improve the law. So stop the exchanges and you will get the federal solution.
Wednesday February 6, 2013, 6:39 am
Nothing will change with the Republican Govs turning their states into Right to Work states. All that really means is lower wages, less benefits and more people in desparate situations trying to make it.
Wednesday February 6, 2013, 2:56 pm
RepubliCONs don't want more, and especially NOT better, Jobs - then they'd have NO excuse to raid Social Security & Medicare! As it is they manipulate numbers..but more people working means more people paying into Social Security..