Before I start this post, let's look at the actual situation. The economy is terrible, people are really hurting, they have been holding out and are starting to drop off the map. There are signs that with the stimulus fading things are starting to turn back down. But compared to what?
In the news today, a familiar story: imports increased, exports declined. About $50 billion in one month alone. The trade gap isn't just costing jobs, it's a significant factor in the slow recovery as well. See below. more »
The country is in an economic emergency. Unemployment -- especially long-term unemployment -- is at extremely high levels and the recovery is faltering. Conservatives are obstructing efforts to solve this because they believe it helps them in the November election. more »
Conservatives are calling for tax cuts to create jobs. But tax cuts are not as effective at creating jobs as infrastructure investment. And tax cuts leave behind deficits while infrastructure investment directly hires people and leaves behind ... infrastructure!
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