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SOTU continues Obama's successful policy of permanently high DISemployment

Mark Thoma:

The plan the president outlined is fine as far as it goes, but I wanted a jobs plan that was big and bold. I wanted a plan that puts immediate job creation at the forefront. However, this plan is largely tax cuts, it's piecemeal, and it's mostly directed at our long-run problems. Bringing business home doesn't happen overnight, R&D takes time, so does infrastructure, and so on. Millions of people need jobs now, not later. They don't have time to wait, for example, for manufacturing to move from China back to the US, and there's no certainty that will happen in any case. What was missing from the speech is a strong, coherent plan to create jobs immediately. Don't get me wrong, we need to address our long-run problems. But we also need to get people back to work as soon as possible.

Professor! Professor! Haven't we learned by now that Obama does what Obama wants?

If Obama's not putting people back to work as soon as possible, that's because he doesn't want to. And why would he want to?

NOTE FDR created the WPA by executive order. And FDR created 15 million jobs.

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