AZspot AZspot

blue bits. red rocks.
Monday 10 September 2012

Worse, the Republican agenda misdiagnoses the cause of slow job growth, blaming taxes and regulation, while championing more tax cuts for the rich and deregulation of the banks and other businesses as a cure. Those policies, however, are precisely the ones that were in place as the bubble economy of the Bush years inflated, and then crashed, with disastrous consequences. They are the problem, yet they are all that Mr. Romney and his party have to offer. In the meantime, the pain of unemployed and underemployed Americans is all too real. Good jobs, like teaching, are being lost, while others, like manufacturing, are getting harder to come by as the global economy slows. In their place are jobs in bars and restaurants and other low-wage activities. Even the college educated are in trouble. In the past year, unemployment among college graduates under age 25 has averaged 8.1 percent, no better than the general population. The situation is worse for high school graduates under age 25, whose jobless rates in the past year have averaged nearly 21 percent. Tax cuts and deregulation will not help them. Federal spending to create jobs, loan modifications to ease debt burdens and further Fed action would. NYTimes.com

49 notes

  1. cleverquip reblogged this from margaeryswolf
  2. fedorathegrey reblogged this from octupusjam
  3. octupusjam reblogged this from ahandsomestark
  4. lookingforavoice reblogged this from ahandsomestark
  5. ahandsomestark reblogged this from azspot
  6. noellechehab reblogged this from azspot
  7. dizzykaleidoscope reblogged this from sansastone
  8. indian-wolf-love reblogged this from margaeryswolf
  9. ohhheyitsnic reblogged this from margaeryswolf
  10. carnivorum reblogged this from azspot
  11. brittachristmasbot reblogged this from sansastone
  12. annetteisshort reblogged this from ziriam
  13. sethscatchall reblogged this from azspot
  14. ziriam reblogged this from sansastone
  15. kapaowie reblogged this from margaeryswolf
  16. margaeryswolf reblogged this from sansastone
  17. sansastone reblogged this from azspot
  18. azspot posted this

A GNT creation ©2007–2013