DedicatedDom40 -> RE: If the government wants to create jobs, why not work on the country's infrastructure? (3/12/2010 8:27:15 PM)
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Stimulus efforts of 2006 and 2008 did not create jobs like they should have. Tax cuts no longer create jobs like they should either. In 2000, courtesy of the legislative effort of Phil Gramm, we opened the casino on Wall Street. The casino soon became the preferred path to wealth creation. The casino path especially replaced the traditional path of owning a business. Who wants to deal with construction of factories, hiring workers, and holding inventory when the casino path lacks such 'financial hardships'? When we pass any stimulus or tax cuts, the financial windfall that normally should trickle down and create jobs does not trickle. Those windfall funds ultimately migrate to the casino as well. All those funds do is increase the size of the wagers being bet in the casino We will not solve the jobs problem until we shut down the casino and end the shortcuts to wealth that were created in 2000. We need to make owning a business that hires workers to make things the preferred path to wealth creation once again. Until we do that, we are just jerking off with China's money, fixing a few bridges with the leftover change.
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