Classifieds Business Directory Jobs Real Estate Autos Legal Notices Forums Subscribe Archives
Today is April 17, 2014
home news sports feature opinionhappenings society obits techtips

Front Page » November 18, 2008 » Opinion » Letter to the editor: Create millions of jobs
Published 1,976 days ago

Letter to the editor: Create millions of jobs


Print PageEmail PageShareGet Reprints

By DONALD A. MOSKOWITZ
Londonderry
N.H.

Editor,

The $700 billion bailout might free up credit markets, help banks with bad mortgages, and provide relief to people who are in foreclosure, but it will not fix our economy.

The U.S. is in a recession and corporations are not borrowing funds to expand. They are contracting operations and laying off workers, which will increase unemployment, and further depress the economy.

We should not issue another round of tax rebate checks. Americans spent only about $12 billion of the $78 billion of the tax rebates sent out in the Spring; the rest went into savings accounts or to pay down debt.

We should invest the estimated $100 billion Congress wants to put in a second economic stimulus package and $350 billion of the $700 billion bailout, a total of about $450 billion, in highway and bridge projects, flood control, mass transit, nuclear power plants, wind energy systems and increased domestic oil production. This will create many millions of U.S. jobs, reduce our dependence on foreign oil and improve the environment.

People will have money to pay their bills and purchase capital goods, including automobiles. This will spur U.S. industry, and corporations will then expand and create more jobs.

Print PageEmail PageShareGet Reprints


Top of Page


 
Web Poll  
April 25, 2011
Do you you think the national deficit that Congress has been struggling with can be better solved by increasing taxes or by cutting spending?
Increasing taxes
(12.48%)
Cutting spending
(58.13%)
Combination of both
(26.27%)
Don't know or don't care
(3.12%)
1538 total votes

Opinion  
November 18, 2008
Recent Opinion
Quick Links
Subscribe via RSS
Related Articles  
Related Stories



Best viewed with Firefox
Get Firefox

© Emery County Progress, 2000-2008. All rights reserved. All material found on this website, unless otherwise specified, is copyright and may not be reproduced without the explicit written permission from the publisher of the Emery County Progress.
Legal Notices & Terms of Use    Privacy Policy    Advertising Info    FAQ    Contact Us
  RSS Feeds    News on Your Site    Staff Information    Submitting Content    About Us
z