Professor Elam

Tom Sowell points out that it was not the stock crash that caused unemployment, it was the Smoot Hawley tariffs. These tariffs restricted trade and literally put people out of work. Now as then the experts are saying the government has to do something. Perhaps we should let their initial forays play out before Barack jolts the economy as he says he will. All this money being spent will eventually result in massive inflation, too many dollars floating around, and eventually our financiers who buy all this debt will stop buying.

Here is an analysis of theJOLT.   It is simple actually, Barack proposes to spend one trillion dollars to 'create' 2.5 Million jobs. What is one trillion divided by 2.5 million?  $400,000 per job!  Gee just send me a check for $400,000. The better answer would be tax cuts to let folks keep their own money.