Saturday, January 19, 2008
Bob Herbert has a good answer
To the economic problems that have been visited on the US by various and sundry Republican greed mongers. It goes without saying that the proposals of Our Dear Embattled Leader are just another attempt to drain the resources of the Treasury for the benefit of a few. Throwing money around does little good when the real answer lies in creating money to replace the $Billions$ destroyed by Wall St. Bob's idea is fairly simple and straight forward.
Good jobs at good wages — lots of them, growing like spring flowers in an endlessly fertile field — is the absolutely essential basis for a thriving American economy and a broad-based rise in standards of living.This would be a beginning that would actually start compared to a one time check that is gone after one car or rent or mortgage payment. The only drawback is that it would take a political will and lots of savvy to execute and so far, those attributes seem to be concentrated on the Regressive side of the aisle.
Forget all the CNBC chatter about Fed policy and bargain stocks. For ordinary Americans, jobs are the be-all and end-all. And an America awash in new jobs will require a political environment that respects and rewards work and aggressively pursues creative policies designed to radically expand employment.
I’d start with a broad program to rebuild the American infrastructure. This would have the dual benefit of putting large numbers of people to work and answering a crying need. The infrastructure is in sorry shape. New Orleans comes to mind, and the tragic bridge collapse in Minneapolis.
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