The November jobs report was greeted yesterday with smiles and sighs of relief, which speaks volumes about how rotten the job market has been for a long time. Only 11,000 lost jobs! Praise heaven.
The report is hopeful if not yet happy news, in that it shows employment finally catching up with the economic recovery that has been building since the summer. Economic expansions always lead to some job creation, especially when the downturn and layoffs have been as steep as what the U.S. has endured in the last year…
Meanwhile, the White House is thinking about paying home owners to weatherize their homes. Cash for caulkers, we suppose. Now, that'll put millions back to work.
The real message of the November report is that the job market is healing on its own, if Washington will simply let it happen. If Democrats want faster job creation by next November, they'll do nothing at all. Stop imposing new taxes on estates, payrolls, insurance, device makers, drug makers, small business, you name it. Start over on health care. Adjourn for the year, spend December with the family, come back in 2011. And watch Congress's approval rating rise. Read more…
Saturday, December 5, 2009
A Jobs Sigh of Relief - A better stimulus plan: Have Congress adjourn until 2011.
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