Sunday, January 23, 2011

Letter to State Governors

There is precious little State governors can do at the state level to create jobs. The problem is inadequate consumer demand for the products of business. Spend your time lobbying Congress to authorize the Federal Reserve Bank and the Treasury to put the unemployed to work making things we need like hospitals, roads, trains, and state and local services such as police and fire fighters. Cutting state and local budgets will only make things worse. The laid-off workers can't buy anything. Business needs customers, not simly tax cuts.

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