Value Added: How Should the Feds Stimulate Job Creation?
NewAmericanCont... - October 8, 2009 - 11:50am
Over the past few days, the commentariat has been abuzz with advice for President Obama about how to deal with the nation's unprecedented unemployment and underemployment crisis. With the official unemployment rate now standing at 9.8%--and the effective unemployment rate nearly double that--perhaps the president needs all the help he can get.
A variety of proposals are making the rounds, with opinion divided over how best to stimulate job creation. Should government subsidize new hires through tax incentives? Is the administration pursuing a de facto "weak dollar" policy to bolster American exports and manufacturing? What about public investment and infrastructure spending?...
