Creating New Jobs to Get out of the Recession: How will we do it?
Posted by Joel Friedlander | 2 Comments
Well, I just lost this one by mistake but lets try again. We need a massive amount of job creation to get out of this Recession, which in some areas of the Economy is a Depression.
During the recent Bush administration there were 3 million jobs created with a population growth of 22 million. That was one new job per every 7.5 people. Under Bill Clinton there was a population growth of 25.2 million with 23.1 million jobs created, almost one job for every single person. Under the elder Bush there were 2.5 million jobs created for a growth of 12.5 million. In fact the only Republican President who did have real job growth was Ronald Reagan, with 16 million jobs created for a population growth of 17.3 million, like Bill Clinton, there was almost a job for each new person in the population.
Because of the fact that we have lost 7 million jobs since the Recession began in 2007, we must recoup those lost jobs and add new jobs for the growth we didn’t have during the Bush years. How are we going to do that? We probably need to create 5 million jobs per year to get out of the hole we are in.
I will gratefully entertain any ideas of how we should increase job creation. Keynesian ideas are ok, Socialist Ideas are ok, Supply side ideas are ok. I’d like to hear from Liberals, Moderates, Conservatives, Radicals, etc.!!!!
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2 Responses to “Creating New Jobs to Get out of the Recession: How will we do it?”
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January 29th, 2010 @
Top of my head: A giant public works project to put grass (yes, like a Lawn) (and other plants, maybe vegetables even) on the roof of every commercial building in the country that can sustain the weight and the ecology (sorry desert SW). Result: Lowered cooling/heating costs for those buildings (read: less energy used), more O2 in the atmosphere… Also, reduces storm runoff.
Manhattan Project: Making algae an economically viable renewable energy source that also cleasns the air. Put it outside every coal-burning energy plant to reduce CO2 and increase O2 in the atmosphere, then get the oil from the algae and use it to fuel our cars. Take THAT, Saudi Arabia et al!
January 29th, 2010 @
I like the idea of a “Manhattan,” project, also, the idea about using algae as an energy source.