GET FREE E-MAIL UPDATES: SEND US YOUR EMAIL ADDRESS WITH SUBSCRIBE IN THE SUBJECT LINE
or subscribe to our
Twitter service

UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of ten of America's presidencies and who has edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. We get over 5 million article visits a year. See prorev.com for full contents of our site

February 6, 2010

DEPARTMENT OF GOOD THINGS



TALKING POINTS MEMO

It should be noted that cutting job losses is a long way from creating jobs. Job loss could be reduced by doing nothing, simply because at some point the economy will have rid itself of all the jobs it can't support. What matters is job creation.  - TPR


1 Comments:

Anonymous Anonymous said...

I would also be very concerned that the job losses may have been reduced by inordinate and unsustainable government spending. The bubbles got us addicted to a certain spend level nationally. If that level can no longer be supported by private sector "irrational exuberance" (FED chairman's words) then perhaps government is now partially fulfilling that function by massive bailouts. Even though this may be more supportable, in that it saves us from immediate catastrophe, it is both unsustainable and grossly unfair, since it rewards the true transgressors much more than the bubbles' victims.

February 6, 2010 4:56 PM  

Post a Comment

Links to this post:

Create a Link

<< Home