Stimulus Requires More Than Taking Your Foot Off the Brakes

Last week I discussed how I think the President's jobs proposal, the American Jobs Act, will be less than stimulating.  I updated it here.  I based my analysis on what economists call "back of the envelope" calculations - quick simple estimates of the key variables using rounded numbers.  Now the folks at Goldman Sachs research … Continue reading Stimulus Requires More Than Taking Your Foot Off the Brakes

Businesses (and Micro) Refute the Logic of Jobs Tax Credits

I wrote a few days ago about how I found the President's American Jobs Act proposal to be less than stimulating and I updated my assessment yesterday. Much of the proposal involves a lot of complex tax credit ideas that are supposed to provide the incentives for businesses to hire.  The idea is that if a … Continue reading Businesses (and Micro) Refute the Logic of Jobs Tax Credits

UPDATE on President Obama’s Jobs Proposal – Better, But Still Weak

First an update on a post I made a few days ago. When I commented last Monday on President Obama's jobs proposal, I was less than excited. Having read more detail of the proposal, I should correct some statements I made.  I incorrectly left the impression that the payroll tax (Social Security/Medicare tax) cut that … Continue reading UPDATE on President Obama’s Jobs Proposal – Better, But Still Weak

The Obama Jobs Proposal Is Less Than Stimulating

After over a year of Presidential and Congressional debate and sparring about how to reduce spending, cut deficits, and limit debts, the politicians in Washington have finally taken notice that we have a "jobs crisis".  Specifically, we simply aren't creating new employment fast enough to reduce our high levels of unemployment. Timidity wrapped in strong … Continue reading The Obama Jobs Proposal Is Less Than Stimulating