The Broken American Job Machine

Written by David Frum on Friday June 4, 2010

The headline is heart-warming: 431,000 net new jobs in May. The second line is not: only 41,000 of those jobs were created in the private sector.

The headline is heart-warming: 431,000 net new jobs in May. The second line is not: only 41,000 of those jobs were created in the private sector. Census hiring accounted for most of the rest. That's down from 231,000 net new private sector jobs in April.

This economy is not reviving. President Obama's so-called stimulus is proving to have been more like a painkiller. It helped some time for a temporary period at enormous cost. But now, NOW, is the moment for Republican alternatives.

Start with

1) Revive the payroll tax holiday

2) Welcome a lower dollar

3) Postpone the implementation date of all mandates in the federal healthcare plan by 36 months

4) Extend the Bush tax cuts for 5 more years

5) A crash program to approve and commence construction of 20 new nuclear power plants within the next 24 months.

Category: News