Just a hint to those planning economic stimulus: a one time payment isn't going to get people to spend. A tax cut isn't going to get people to spend. Not when conditions are like this.H/T Scott. Basically, what we need are more unions.The accelerating job loss — more than one million jobs have disappeared in just two months — suggests that the recession will last at least into early summer, making it the longest since the 1930s. The severe recessions of the mid-1970s and early 1980s each lasted 16 months, the current record.Good jobs and job security -- that's what will get people to spend.
"Do not go gentle into that good night. Blog, blog against the dying of the light"
Friday, January 09, 2009
Good jobs and job security
Seems sort of obvious, doesn't it -- nobody's buying nothing until we aren't afraid of losing our jobs. At Daily Kos, Devilstower tells the politicians just what kind of "stimulus" people need:
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