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Automatic for the People

Posted by
Walter Geiger
in Opinion
Tuesday, July 13. 2010
Comments (12)
Jeffrey B. Wenger/New York Times

One of the saddest lessons of this recession is that the United States has no adequate response for rising long-term unemployment. Contrast this with our policy for combating inflation: the Federal Reserve can always reduce the money supply, no Congressional approval required. There isn’t a comparable mechanism to create jobs or to protect the long unemployed, no contingency plan that kicks in whenever job losses continue to mount.

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#1 Anonymous on 07/13/10 at 10:32 AM
Glad to hear someone still cares about people more than they want to see our president fail. Unemployment compensation is a form of insurance. Don't leave people with nothing to live on if their job folds.
#2 Anonymous on 07/13/10 at 11:43 AM
Now if only fat cat CEO's would start to care and stop sending jobs over seas so they can buy a new yacht. We might just see a change in direction. I love how the government is to blame for private sector jobs when the heads of those companies don't give a crap about there employees or there families, only about there profit margin
#3 Anonymous on 07/13/10 at 03:46 PM
It's obvious you don't understand government controls capital gains tax - and that very high tax in the USA forces companies to move business overseas. Government is directly responsible. See if this is clear.

High tax forces business out of the country. Overseas jobs causes local unemployment. The unemployed pay zero taxes. The unemployed add to an increased out of control spending.

Lower taxes allows business to expand. USA job equal more jobs and lower unemployment. That means less spending and more tax paying employees. Reduced government spending.

Apply simple math.
#4 Anonymous on 07/13/10 at 06:33 PM
see ronald reagan...
#5 Anonymous on 07/13/10 at 07:50 PM
It really makes me mad that people don't care...how could you live with knowing that families will suffer and be homeless? This is the first time that I have ever depended on such a thing (unemployment) and I have been working since I was 15 years old. Now I can't get the money that I put in!!! It's already hard enough depending on unemployment when it's already a cut from your regular salary...barely making in meet in the first place. It's very few jobs out there people and it's competition now more than ever because so many people are in need!!
#6 Anonymous on 07/13/10 at 09:14 PM
I obviously do know how capitol gains works. That does not change the fact that a CEO would rather send jobs over seas than take a pay cut. Greed is going to destroy this country no matter which way you vote. And until there is pride in the American factory and blue collar worker this nation will continue to go down hill
#7 Anonymous on 07/14/10 at 06:33 AM
Since when did capitalism have a conscience?
#8 Rankin Fyle on 07/14/10 at 06:34 AM
What would FDR do?
#9 Anonymous on 07/14/10 at 12:58 PM
A different era of different times.
#10 Anonymous on 07/14/10 at 06:04 PM
Ronald Reagan the guy who sent us into a a horrible rescission with his pee on your head oh sorry trickle down economics. You people amaze me.
#11 Anonymous on 07/14/10 at 07:18 PM
You wouldn't understand it anyway. You can't even spell. You are just repeating what other uneducated people are saying. You people amaze me!
#12 TTerry on 07/15/10 at 06:36 AM
There are too many people that receive money from the Gov. 47% of all households get the money for one thing or another. Until this gov. stops handing out money to buy votes it will get no better. Jump through the hoops for the scraps they shake at you.
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