Jim Ledbetter: Your article on the economic woes of this country and the economists you quote completely miss the point.
Economists LOVE to make the argument that Americans must retool for a different marketplace because it means that all the blame for the anemic economy can be placed squarely on the shoulders of the working man: He costs too much. He knows too little. He’s not flexible enough. We need him to be fully qualified and experienced in our high-tech position but cheap enough to be competitive against his counterparts in India and flexible enough to work unpaid overtime after moving to a different city. Pardon me while I gag.
For the love of god, employers are not hiring because people aren’t buying their products and services. People aren’t buying their products and services because they, by being un- and under-employed, don’t have the money to. It’s really as simple as that.
Obama’s problem is not that there is no government solution, as you suggest, but that governance and politics in general is the art of the compromise and as it stands the only thing compromised here was the obvious answer: A large, direct injection of cash into the economy through government works programs. FDR did it. China shrugged off this last economic bust by spending a trillion on infrastructure. But our current circumstance forces half-measures, and even those come at the cost of political expediency: Greasing the right palms, kickbacks to the right subcommittees and special interests, tax cuts for the rich and ever more corporate welfare.
The problem isn’t our stupid workers, it’s our stupid Congress, stupid.