American jobs NOW

[Donnachaidh]

http://smirkingchimp.com/thread/brent-budowsky/36674/american-jobs-now

President Obama should address the nation from the Oval Office, calling for a bipartisan deal to create more jobs in 2011 and lower the deficit beginning in 2012. He should do this now. Leaders lead. Strong presidents use the bully pulpit to define the debate and rally the nation to action and confidence.

The president should champion a Made in the USA jobs plan that would restore the housing tax credit and create an expanded jobs credit for American companies hiring American workers this year. He should back the proposal of Sen. John Kerry (D-Mass.) with Republican support including that of Sen. Kay Bailey Hutchison (Texas) to create an infrastructure rebuilding bank and support proposals by Rep. Frank Wolf (R-Va.) to reward American firms that repatriate jobs to America.

As part of a longer-term deficit deal, the president should propose a one-time 2011 cash bonus payment to police, firefighters and military families of those who served since 2001. This should be enacted before the 10th anniversary of the Sept. 11 attacks, to thank the bravest among us and create demand to help the economy grow.

Last Thursday I wrote a column titled "Jobs: An angry dissent." I have seen little since then that suggests progress for proposals to create jobs. There are two secret "gangs" meeting about the budget. I know of nothing being discussed in these secret chambers that would be a serious jobs initiative.

More at the link --

[notesdev]

1. Hey I've got an idea

Let's take all the worst ideas of the past quarter century, mash them up together, and call it a jobs policy!

All these temporary measures is like using electroshock on a comatose patient. It may make him move, but it doesn't help his situation at all.

Here's my jobs solution:

1) Positive real interest rates (creates capital formation which can then be used to invest)
2) Consistent - not temporary - rules that apply equally to everybody - not only those who can't get a waiver from an otherwise crippling mandate.
3) No more political interference in the markets, whether it's pumping liquidity to paper over stock market losses, monetization to keep interest rates artificially low, favoring one company over another, or arbitrarily banning useful items (e.g. lightbulbs).
4) Intense and thorough prosecution of the frauds that blew up our economy, so that new investors can do so with the confidence they won't get ripped off by fraud.
5) Tariffs against every country where the cost of production is lower than ours, in direct proportion to the difference in cost of production, leading to...
6) A balanced federal budget that no longer sucks $1.5T+/y out of the private bond market, money that would otherwise be more efficiently invested based on what can actually be sustained for the long term.

[MineralMan]

2. Poor Smirking Chimp!

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"The Summer Fundraising Effort: Day Ten

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I suggest some better writers. Just sayin...