Los Angeles Times article: Political leaders unwilling to address economic fix: a new stimulus

[Better Believe It]

Political leaders unwilling to address economic fix: stimulus
A new economic stimulus package is needed to put people to work for state and local governments and on public initiatives that improve education, transportation and quality of life. Without it, Washington will be ignoring the lessons of the 1930s.
By Michael Hiltzik
August 8, 2011

If there is anything about which the average American has no doubt, it's that the state of the economy is a five-alarm emergency.

These are the times when Americans look to Washington for leadership and solutions. Instead, they've gotten a sideshow debate over the long-term implications of the budget deficit — a fight that can wait for another day.

What economists, stock market investors and certainly average American men and women want is more economic demand — construction spending, paychecks, unemployment insurance, government assistance.

Washington can provide that in the form of an economic stimulus package, one that puts people to work for state and local governments and on a wide range of public initiatives that improve education, transportation and the quality of life for millions of Americans. What our political leaders have given us instead is ideological posturing, threats of default, hand-wringing over government debt.

Read the full article at:

http://www.latimes.com/business/la-fi-markets-hiltzik-20110809,0,7238911.column

[Democrats_win]

1. Even Wall Street knows that a stimulus is needed. However, we need a different kind

of stimulus. The last one really was "tide-us-over" spending. Not only do we need a bigger stimulus, but we need a stimulus that is much more targeted toward the people rather than Wall Street. Start by hiring people directly so that crooked business men can't take their cut.