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It isn't a solution, it isn't even a band aid. The jobs programs works because it creates economic activity beyond just having people spend a hand out. Sure the hand out creates some economic activity when it is spent (we get that from the jobs solution I propose ) but none of the productive...

Clearly my mistake was majoring in economics and not in business economics. The ensuing 20 years as a businessman and employer seem not to have made much of a dent either :) Seriously though, thank you for your input, unfortunately the reported stimulus does little to create the economic...

This debate is easier served when you split healthcare in two parts: 1. well patient care or minor primary care issues, chronic condition care, preventative care 2.Emergency care (that rises to a level beyond the scope of the primary care provider) and inpatient care. Canada and most of...

Good article by a clear thinker. I disagree that the quasi nationalisation that he is touting needs to occur though. All he is really saying is bring back the original version of the Glass Steagall act that worked well enough before Senator Gramm started tinkering with it blurring the lines...

The situation is not yet as dire as you imagine and judiciously applied stimulus (my view is creation of private sector jobs vs federal employment) will allow the business cycle to play out. Yes sytemic changes are needed, but they will be easier to make if we don't 1st get to price equilibrium...

Corporations wouldn't have that option as they wouldn't get any money unless they had hired someone. Individuals making their mortgage payments and credit card payemts is exactly what we need. It keeps the banks from having to take additional write downs, restores confidence in the credit...

Throwing 4-8M decent jobs at the economy would have a drammatic effect and would probably stop the death spiral of defaults and foreclosures and the crash in consumer spending and the state budget shortfalls. Yes it is a band aid solution but it provides the most bang for the buck of any that I...

Net gain mentioned by darkhand makes sense, solves the problem of necessity of firing for performance related issues. Company could offset at quaterly tax filings or overall corporate payroll tax if it is a large enough company or simply have a mechanism whereby they get the cash upfront when...

Net gain sounds like a good way to go and it goes without saying that these all have to be US based workers. The higher paying jobs would be better because in order for consumer confidence to return we need people to feel as though they have a cushion and are not precarioulsy just scrapping by.

Fair enough, I'm no wordsmith. The "real" part was in relation to the currently reported version of the stimulus that is not a a real jobs producer and will do little to nothing to solve the underlying problems that are flushing us down the deflationary toilet. Time is what we need to work...

In the long run and if this were simply a run of the mill recession I would agree, but because this is as much about giving people the funds to afford their mortgage and credit cards, and incentivising private money to get back in the game, including corporate money, people need their jobs back...

LOL ain't that the truth!

I love how she made fools out of the guys who paid top dollar for the same girls they could have had for a fraction of the price just by going to a different web site. LOL, she came from the hedge fund world and knew her customer well. The same fools who would fall over themselves to buy a...

That would work too, though I like to tie it to a % as it incentivises better paying positions. A across the board $20K credit could incentivise a lot of very low paying hires that would stimulate the economy no doubt but would it allow people to afford to stay in their homes and keep paying...

A temp elimination of the corporate parol tax for small businesses woudl be a start and also helpful. As fars as not being able to buy higher employment you are right over time but when so many have just been laid off, with thier workload having been distributed to fellow workers who are still...

Couldn't agree with you more on that. Tort reform would also be a tax free stimulus.

I have read that according to the CBO each job created under stimulus will cost between $100-300K. These jobs will likely pay no more than $40k a year. Does this make any sense to anyone? Certainly makes those who are scratching their heads wondering if this stimulus is really about jobs or pork...

NIMBY (just to add some needed levity) :)

I just spent the morning going to open houses in NW boston metro and apparently the boom times are still here, people seemingly haven't heard of the housing bust nor the recession. How this region has remained so immune is beyond me. I was told by 3 realtors that the crisis was over now that the...

This guy is an immense Italian talent, enjoy: http://www.youtube.com/watch?v=5IzccDy94Zg http://www.mariobiondi.biz/audio.html http://www.youtube.com/watch?v=85X6w6Kdz34&feature=related