President Obama signed another “job creation” bill on March 17th (Senate passes job bill).
I get confused on how this helps. The government is manufacturing jobs that the market doesn’t demand. So… we’re printing money to pay for temporary jobs to put “America Back to Work”? I was in China a year ago and they were doing about the same thing… building sidewalks at midnight.
Anyway, if you want to stimulate the economy, which is why you have the government print money and manufacture jobs, how about putting the $18 billion towards paying down student loans. Those individuals are more than ready to spend their money. I guarantee if you forgave my $800 a month payment or even reduced it by half, I’d pump some money into the economy.
vanisacker
2 Comments
Totally agree on the student loan idea.
Not only the economy but think about how many recent grads would love to buy up some of the real estate sitting on the market. Kill two birds with one stone.