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Entries by Jared Bernstein from 09/2011

What to Remember for the President's Jobs Plan: Stimulus Works

| Posted 09.01.2011 | Business

The evidence shows the stimulus worked, but ended too soon, before the private sector was ready to walk on its own. The evidence shows we need to do more of these sorts of policy interventions.

Brother-In-Law Retorts: Labor Day Edition

| Posted 09.02.2011 | Politics

Labor Day is upon us, that last family cookout or picnic of the summer. So we'd better fire up both the grill and our handy responses to annoying arguments from that brother-in-law with a PhD in Fox TV.

The August Jobs Report

| Posted 09.02.2011 | Business

Okay, deep breath. The job market was weaker than expected in August, as employers added no new jobs, on net. There were some extraneous factors, but they don't change the dismal result.

Obama Jobs Speech Preliminary: Understanding How Stimulus Works

| Posted 09.06.2011 | Business

I want to make an essential yet poorly understood point about spending on jobs programs of the type we expect to hear Thursday night. Temporary spending does NOT increase either the long-term deficit or the growth of the national debt.

Romney's Jobs Plan: Punts Short, Goes Long on Supply-Side Tax Cuts and Fiscal Austerity

| Posted 09.07.2011 | Politics

I pored through Mitt Romeny's jobs plan last night -- it's a comprehensive piece of work, worth a look. Unfortunately, Mr. Romney offers no solutions for our most pressing short-term problem: high unemployment and the weak job growth.

The American Jobs Act

| Posted 09.09.2011 | Business

I thought the president introduced a great jobs plan Thursday night -- a plan that accomplished a number of important goals.

Infrastructure in the Real World

| Posted 09.12.2011 | Business

One critique you're beginning to hear about the infrastructure ideas in the president's jobs proposal is that the Recovery Act's infrastructure programs were some kind of bust, of never got started, or whatever. Demonstrably untrue.

A Dose of Reality

| Posted 09.13.2011 | Politics

Here's a proposal for a new fiscal measure. Whenever someone says, "Social Security is a Ponzi Scheme," that person has to send $10 to the US Treasury. Because through Social Security's long and successful history, today's workers have financed the benefits of yesterday's workforce. The program created a strong link between the aged and the working-age population -- today's workers create the capital, the technology, and the wealth that will support tomorrow's generation, who will then make their own contributions. Maybe some people don't want to accept the fact that we're all in this together -- but we are.

The Big Three Issues, From Here to Election Day

| Posted 09.23.2011 | Politics
Read More: Politics News

If progressives want voters to tune us in, we need to send a compelling message over a strong signal stressing the role of government, basic economic fairness, and the failure of trickle down, self-regulating markets.

The Policy Backdrop of Inequality and Its Implications for "Class Warfare"

| Posted 09.23.2011 | Politics

When representatives of the wealthy squeal about "class warfare," they're not just talking about shielding their treasure from the tax system. They're also protecting and endorsing a policy agenda that's helped tilt growth their way for a long time.

Prevention Over Correction in the Housing Market

| Posted 09.26.2011 | Business

When it comes to financial or housing markets, preventive policy is better than corrective policy. The Greenspan Fed got this exactly wrong, arguing that the Fed can neither spot nor stop bubbles.

Why the Economic 'Uncertainty' Line Is Shovel-Ready Nonsense

| Posted 09.28.2011 | Business

While conservative politicians are busy jamming their perennial tax cut/deregulate agenda into the current economic context, the thing that businesses are truly uncertain about is when they're going to start seeing some customers again.

Our Economic Policy Is Up a Creek With a Paddle

| Posted 09.29.2011 | Business

The Federal Reserve is trying to do their part with more easing of interest rates, but absent more action on the fiscal side, like the measures in the president's jobs plan, I don't expect anyone much to take advantage of lower rates.