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In Response to Re: Where Have All the Jobs Gone?:
I've read the act as I assume you have. There is nice language stating that the Congress "...needs to maximize the creation of public, private, and non profit sector jobs through the improved use of general economics and structured policies including measure to encourage private sector investment and capital investment...".Now come on. The feds have little-to-no idea how to do this. It's continued politcospeak. We 'gotta do this' and 'gotta do that' with no detail on how this could be accomplished. This stuff has been endlessly discussed with nothing happening on the fed level. It would take substantial changes to financial regulations, tax changes, fed reserve policies affecting value of dollar, which you have expressed. This is far too complex for the congress to do anything with. We can't fix a couple of loopholes much less make the hundreds of major structural changes needed in various banking, tax, and corporate regs.I have an analogy I've applied to our governement for some decades. I was in IT, in a former life. Because computers became so fast and powerful, programmers built programs that were tens of thousands, if not hundreds of thousands of lines long. They became beyond the ability of anyone to understand it all and changes to code were very slow to happen and took weeks sometimes, just to change a few lines. We face this now in our tax code and the millions of lines of regulations accross various industries and politicians do not understand them. So, the gov cannot mount anything meaningful until tax code and regulations are simplified. And to simplify would take concerted efforts for years. So, the circle continues.
Posted by retiredtraveler
We did this from the end of WWII to the mid seventies , it's not that it can't be done , the problem is it's not being done.
The " polticospeak " is government can't do anything , the government does plenty , just not for working people.
One rational after another has been debunked over the years of why we can't or shouldn't do this , trickle down economics , business and markets are self regulating , debt causes economic malaise when it reaches a certain point , austerity leads to growth .
All proven wrong .
Lets go back to what we know works instead of making up reasons for not doing what most of us know should be done.