Can’t buy me love
Everybody tells me so
Can’t buy me love
No, no, no, no
From the 1964 Lennon/McCartney song, “Can’t Buy Me Love”
Maybe you can’t buy love, but you can buy a job.
Franklin Delano Roosevelt did it with the Works Progress Administration during the Great Depression. And the $787 billion stimulus package passed in February created jobs to relieve what is now 10.2 percent unemployment.
Both came at the cost of taxpayer dollars. Now, as labor and business leaders, economists and politicians gather Dec. 3 for President Obama’s Jobs Summit, some are calling for a second stimulus. These include Nobel-Prize-winning economist Paul Krugman. He says the initial stimulus was too small and insufficiently focused on jobs.
Krugman recommends instituting a reduced version of FDR’s Works Progress Administration (WPA), offering public-service employment, the kind that left solid WPA bridges, bus shelters and other monuments that serve citizens to this day across this country. At a cost of $40 billion a year for three years, the Economic Policy Institute (EPI) estimates this would create a million jobs. Krugman also endorses the EPI’s recommendation of tax credits for employers who add jobs.
A second stimulus is completely reasonable at a time when there are six unemployed Americans for every job opening and when it takes six months on average for an unemployed worker to find a job, the longest since the Great Depression. But the Obama administration already has sent out signals that it doesn’t want Jobs Summit solutions to worsen the federal deficit.
Fine. There are ways to create jobs that don’t have to be bought. One is to enforce and strengthen trade policy.
Chicken Littles all over this country ran around screaming, “A trade war is coming! A trade war is coming!” in September when President Obama enforced trade law by imposing tariffs on Chinese tires being dumped in this country. That flood of Chinese tires had cost 5,000 American workers their jobs.
The Chicken Littles, always wrong, were mistaken about a trade war. China never engaged in one. And now, Cooper Tire has announced a $10 million expansion of its Findlay plant, creating 100 new jobs, and tire factories across the country have increased hours.
By contrast, a paper company, NewPage, filed a trade case in 2006 seeking protection against Chinese and Indonesian dumping of coated paper, the heavy kind used in brochures and annual reports. The Commerce Department found egregious dumping, but later the U.S. International Trade Commission (ITC) refused to impose sanctions because it decided the U.S. industry hadn’t been injured.
Now, three years later, the United Steelworkers union has joined NewPage and two other paper companies in filing for another trade case regarding coated paper. Perhaps since 7,000 U.S. paper workers have lost their jobs, the ITC will see injury to the American industry.
But here’s the thing: Why do American workers and industries have to suffer? Our trade laws should be strong enough to prevent that injury in the first place. And that doesn’t cost a dime.
Another obvious way to create good, family-supporting jobs that don’t have to be bought is to develop an industrial strategy for this country. The idea of a strategy is to design a way to rebuild manufacturing as a base of the U.S. economy.
America cannot depend on housing or high tech or financial bubbles. These false financial mechanisms have led to nothing but heartache, recession and job loss. A strong economy is based on taking raw materials, adding creativity, energy, and work to construct products – like steel and tires and glass. Those products have real value and can be sold to make real wealth. They are not risky bets on the market like credit default swaps.
We need to place our faith in our own ingenuity and industry as a country, our ability to research and develop creative new products and manufacture them here, at home. For the love of country, that’s what we can buy. And should.



4 Comments







Nicely written, Leo: thanks. I agree that the Stimulus was “insufficiently focused on jobs” but let’s not rush into another huge, super-complex, pork-ridden package full of pet projects.
How about some simple, easily implemented strategies like enhanced deductions/accelerated depreciation for all business purchases of American made products? I know, I know: tax breaks for the corporate monsters, etc. But it will jack up sales of everything from simple supplies like copy paper to expensive equipment like high end computer systems, and that means jobs in manufacturing, accounting, delivery, etc.
Insisting on American made products is key, since otherwise we’d be giving a tax break for creating jobs in China. The first Stimulus is doing quite enough of that, thank you.
Washiington has not the slightest idea how to create jobs.
You create jobs by finding something that needs done, and by doing it, and it saves or makes money so that that job, is in some way self supporting.
Spending money to make a job, only means to keep that job you must spend more money.
We have some huge problems in this country that need fixed, and fixing them will make or save us money.
We know them, foreign oil that is costing us trillions.
Burning coal is ruining the enviorment, and costing us and our future.
Fixing our infrastruture which will cost more the longer we wait.
Yet we won’t start a national program to fix any, or all of these in a couple years.
We copuld put the Country to work tomorrow if the will was there to do it.
What better way to help our Country than to fix a problem, and save or make money at the same time.
Just to F#*kin simple for the retards we have running the show to comprehend.
I’m afraid they just don’t do simple. Their thing is multi-thousand page compilations of wish lists, agendas, kickbacks, and hype. If the politicos did things in simple, effective, efficient ways it would cut into their pork and their perks. And, of course, we wouldn’t need so many of them…
we owe china biilions — there’s no way bush would upset the bank,
ah, but will obama?