December 3, 2010 at 4:47 pm
#709917
Huindekmi
Participant
The private sector adds ~50K jobs. State, Federal and Local govts cut jobs. We end up with a net positive gain of 39K jobs.
But the population and the workforce continue to grow. We need more than 10x that amount of new jobs each month to grow out of this mess. But no matter how many incentives you put in front of business, they won’t hire unless they have the customers to justify it.
Hey! You know what would be a great idea right now? Let’s cut off unemployment benefits! That will take money out of the economy and drive us deeper into recession!
Yay!