09 Sep '11, 4pm

My new post: Two good (and overlooked) ideas in Obama’s jobs plan

My new post: Two good (and overlooked) ideas in Obama’s jobs plan

Photo: Peter Sheik I agree with Paul Krugman and Joe Romm that Obama's speech was better than expected, both rhetorically and substantively. The American Jobs Act involves too much tax cutting and too little new spending for what it needs to do. All the talk of infrastructure focused on cars and planes, except for the bit on high-speed rail, when what we really need is just better options for non-drivers at all levels of travel. And would it really have been too much for the president to mention how helpful looser monetary policy might be in creating jobs? (F'ing Bernanke, grumble grumble.) But there was plenty to like, too, especially the straightforward defense of the ethic of mutual care that lies at the heart of liberalism. The speech will not, of itself, make any difference. Presidential rhetoric has far less effect on public opinion and congressional outcomes than mo...

Full article: http://www.grist.org/politics/2011-09-09-two-good-and-ove...

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