Friday, February 13, 2009
Spending doesn't create jobs? Who pays your salary?
I watched close to an hour of C-Span 2 this afternoon as the Senate discussed the stimulus bill before Congress. What I quickly learned was what the number one Republican talking point was going to be. The claim that the bill was too much spending and not enough job creation. Too much spending and not enough job creation? Does that even make any sense? Unless the stimulus bill calls for purchasing $800 billion worth of Chinese made chopsticks I don't understand the argument. Now I haven't read the whole bill, or any of it, but I'm pretty sure there's nothing in there about ordering chopsticks from China. Now what doesn't create jobs is another round of tax cuts for the rich (or anybody, but especially for the rich). In order to create jobs money needs to be spent. When you create jobs you need to spend money to pay the wages. Maybe Mr. Coburn and McConnell need to take some econ lessons.
at 8:09 PM