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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (146807)	11/6/2014 3:20:21 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Let me tweak what you said a bit. You said the idea is to create jobs. Agreed, but I'd say the idea is to create SUSTAINABLE jobs. That's the problem with short term stimulus like money printing, low interest rates, or gov't TARP money. They create short term, part time, low wage jobs. For families, this isn't much help. It helps short term, but the need is for long term, full time, high wage jobs. That can only be created through capital formation and investment that comes from natural organic forces. Government can only foster a good environment for the free enterprise system to create those kinds of jobs. At the end of the day, every dollar the government spends is taken from some American citizen. So government spending is like taking money out of the left pocket to put it into the right pocket. Only corporations and citizens do the kind of spending and capital investment that creates sustainable economic recoveries.