What is needed to fix this crisis is job security, and the only way to create that is by creating jobs.
If the president really wanted to kick-start the economy, he would have announced a government program to directly hire the unemployed, by both the federal government and state and local governments (through block grants to the states), which would put people to work right now as teachers’ aides, park workers, school crossing guards, library assistants, companions for the elderly, city and rural clean-up crews, housing renovation project workers, mural painters, etc.
Millions of out-of-work people could be put productively to work with far fewer dollars than what is about to be shoveled out to contractors to construct or repair bridges and highways a year or more from now.
Friday, February 27, 2009
It's the lack of jobs, not the lack of lending
Posted by Thom Foolery at 8:38 AM