Photo: White House/Chuck Kennedy President Barack Obama addresses a joint session of Congress on jobs and the economy - video & fact sheet
Open Questions: The American Jobs Act - Join senior White House officials as they field your questions on the American Jobs Act on Thursday, September 15th at 4:00p.m. EDT.
“We do know how to generate growth and create jobs. As a large and growing body of research shows, we just have to spend money...The economy needs additional stimulus to get back to normal rates of unemployment. The Republicans may block this path, but at least then the public might understand that people are unemployed or underemployed because of a political decision, not an act of God.”
- Economist Dean Baker
“The answer from economics is: There is plenty we can do to create jobs and promote growth.”
- Economist Joseph E. Stiglitz
“The time-honored principle, backed by economists right and left, is that temporary bursts of spending — which usually arise when there’s a war to fight, but can also arise from other causes, including financial crises and natural disasters — are a good reason to run temporary budget deficits. Rather than imposing sharp cuts in other spending or sharply raising taxes, governments can and should spread the burden over time, borrowing now and repaying gradually via a combination of lower spending and higher taxes.”
- Economist Paul Krugman.
“Playing it safe is not going to cut it. Not proposing anything bold and not trying to do something to definitively deal with our problems would mean that we’re going to have another year and a half like the last year and a half...”
- Economist Christina Romer
