The leftists and Keynesians are already whining about how the Stimulus is working, just not exactly the way they expected. I keep hearing about a “jobless recovery” and yada, yada, yada and how I need to be patient for the job numbers to stop their free fall.
What they don’t get is that there is a reason for the lack of new jobs. It is the same reason employers had in the late 1930’s
The insufficiency of private investment from 1935 through 1940 reflected a pervasive uncertainty among investors about the security of their property rights in the capital and its prospective returns. This uncertainty arose, especially, though not exclusively, from the character of the actions of the federal government and the nature of the Roosevelt administration during the so-called Second New Deal.
Let business alone to do its thing and don’t do anything to make those with the capital not want to be Capitalists and things will even themselves out. Otherwise, you have to make up new phrases like “jobless recovery” to describe unnecessary situations.
And that is the end of our quotes from The Politically Incorrect Guide to the Great Depression and the New Deal. I can’t recommend this book highly enough. Seriously, grabbing yourself up a copy is one of the few things where the phrase “for your own good” isn’t going to be something that harms you.