We need jobs to fully recover, but jobs won't come about until demand picks up. Demand won't pick up until people have money to spend. So why are our leaders hell-bent on cutting public sector jobs when we need them most?
Mr. President, the country we all love is hurting enormously, with huge unemployment. You can still win back the support of the public by publicly setting forth in detail your plan to address these enormous problems.
Could many of the attributes that make the Bay Area such a unique place in which to live and work be at risk? Could the Federal Government pull the rug out from under one of the only bright spots in the entire U.S. economy?
The U.S. consumes about 6.5 billion barrels of oil a year. About 60 percent of it is imported. Getting rid of these imports would have had the same impact in 2010 as a $300 billion dollar tax cut on American consumers and the American economy.
Washington is often a city of Chicken Littles, which makes ringing the alarm bell difficult. But once Washington wakes up from its deficit hangover, politicians will realize the sky has already fallen. Here's what we can and need to do.
One of the reasons the U.S. economy did so well in the last half of the 20th century is that we ignored ideology in favor of pragmatism. That is no longer true. Ideology has again become fashionable. And, we are paying for it, dearly.
The idea of shared sacrifice as a public value is fine. However, why should many Americans, who have become accustomed to shouldering most of the sacrifice, get excited about taking on additional burdens?
America's transportation problems are serious enough that we need serious policy that looks out for the public interest, rather than unrealistic solutions to problems that don't exist in the first place.