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Old 02-02-2011
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randolph randolph is offline
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Default Employment?

We had full employment a few years back. True, alot of it was in the building industry. What pisses me off, is we gave billions to the banks so they could loan money to companies so they would hire more workers. The problem is that the companies aren't going to hire more workers unless there is more demand for their goods. So the money sits there while the bankers take huge bonuses with our money.
It's a backasswards situation. With all that money the government could have organized massive reconstruction projects (like WPA in 1930s) to hire the unemployed to build and repair infrastructure. Once people had jobs and income, they could buy more stuff causing the companies to hire more employees to meet the increased demand.
Seems simple doesn't it?
So why hasn't Obama implemented such a program?
Guess who really runs the country.
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Last edited by randolph; 02-02-2011 at 08:08 PM.
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