The Hill reports some second-hand information that Harry Reid will move forward with a “jobs bill” early next year:
Senate Democrats will take up a new job-creation bill in the wake of the 10.2 percent unemployment rate, Majority Leader Harry Reid told his colleagues Tuesday.
Sen. Ben Cardin (D-Md.) told The Hill that Reid (D-Nev.) made the announcement about a new jobs bill at the Senate Democrats’ weekly lunch.
Reid said he was looking at an initiative focused on job creation “and that our caucus will take it up,” Cardin said.
Reid didn’t specify what would be in the bill, but he said that it was going to be “one of the priorities” for the Senate, Cardin added.
Reid’s office did not comment on the report. I’m seeking additional comment now.
Obviously, the high unemployment rate and the likelihood that such joblessness will continue despite economic recovery necessitates something like a “jobs bill.” The only question is what such a jobs bill would look like. So far the Obama Administration has resisted make-work types of jobs, such as hiring directly from the federal government. All of the job-creating measures have been indirect.
Instead Obama’s team has taken a more indirect approach, a prudence that critics on the left say is misplaced. If you’re spending hundreds of billions of dollars on stimulus, why not do it with conviction? Engaging in more forthright job creation could invite some political pitfalls (such as those constant accusations of socialism), but is double-digit unemployment any less a political risk?
The administration is “scared of [any plans] seeming like old-fashioned make-work, but that’s what it is: You’re giving [people] jobs because they have nothing left to do,” said Dean Baker, co-director of the Center for Economic and Policy Research, a left-leaning think thank. “Giving people a shot at a job has to be worth a little bad publicity . . . but as in a lot of areas, they proved more cautious.”
There are ways to promote indirect job creation that could work – incentives for painting every roof in America white, which would actually lower energy bills and carbon dioxide emissions, springs immediately to mind. But the stimulus package and other job initiatives seem to be focused on increasing productivity rather than increasing employment, laying a foundation for future growth but providing little help to those struggling in the near term. That’s why a lot of the stimulus outlays are going into research rather than labor-intensive programs.
There’s no question that the public investment which would match need to employment is in the area of infrastructure.
Others question the claim that more infrastructure spending would have been too slow. U.S. Steel chief executive John Surma noted recently that China is rapidly spending $586 billion on its own stimulus, much of it for big public works projects. The United States has plenty of infrastructure demands and should be able to get such projects going quickly, he said, and the inability to do so is an “indictment” of America’s lack of a strategy for public investment.
These infrastructure projects can be seen at the level of building bridges or replacing water mains, but even at a smaller level, paying people to board up vacant houses or paint public buildings or staff up public centers. That’s infrastructure too, even if it’s not made from steel. People pick up skills they can use in their careers and see tangibly the results of public investment in jobs.
The problem is that all of this costs money. And the same Democrats who say that the Administration must trim its sails and focus on a “jobs agenda” are the ones who would shrink from actual public investment in the economy to create those jobs. We’ve all seen how deficit mania has taken hold among the political class.
They should come to their senses and go in the direction that Majority Leader Reid appeared to be leading yesterday.
UPDATE: Responding to the report, Sen. Reid’s office, through a Senate leadership aide, would not commit to moving any bill by the end of the year. “We’ve got a packed schedule for the rest of the year so we’ll have to see.”



6 Comments


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Yeah, deficit mania has taken hold when expenditures are directed toward helping the people of this country, as in lifting all boats. No such prob when funding for war, bail-out of the Titanics, etc., come up for a vote.
I always like the multiple reports the government’s various spokes piehole’s give us. Unemployment is either 10, 17.2 or 24%. The gubment can’t make up it’s mind, nor can it tell anyone what the real figures are.
Gee Mr. Pres, all that stuff in Afghanistan really working out for you huh? With the people starving, the land business booming to allow the bank takeover of all the working poor’s belongings and make them renters again. Are we going to get the choice of sharecropper and breadlines as you help the depression gain steam?
You are listening to criminally active idiots Mr. President. Of course, being from the Illinois machine, you already know that don’t you? When are you going to build walls around DC and make it a compound so the public can’t affect what the government does? When you going to declare that capitalism isn’t working and you need to change things to “fit”?
We are no longer with you sir. You have left us dead on the side of the road and driven on. America is road kill now. Thanks for your support.
This, too:
Obama helping lobbyists weaken offshore tax crackdown Dems passed in 2002 over GOP opposition
by: David Sirota
Wed Nov 11, 2009 at 09:15
LINK.
So soon?
“You wonder, in short, whether you are getting sold down the river.” Sirota asks; I have no need to ‘wonder’, I know its happening and I”l write a diary about it soon.
In the meantime David, see this.
It’s odd how those “more inclusive unemployment figures” which include discouraged workers and the underemployed were NEVER used or referred to by the MSM during Republican Administrations. To suggest that unemployment has leaped from 6% under Bush to 17% or 24% under Obama is what they are pulling here. But really chronic unemployment was already well over 10-15% during the Bush era, they simply were better at keeping the MSM quiet about it.