In response to:

Obama’s Psycho Job Phobia

johnm h Wrote: Jan 18, 2013 6:57 AM
The conservative focus on jobs is a mistake. Jobs like oil and steel are a cost of doing business.. If there is investment their will be a demand for workers and other inputs. Ransom's article has Keynesian shadows here and there. I think everybody who studied economics in the last 70 years had a Keynesian model grafted onto their cerebral cortex that keeps sending off involuntary impulses. Bowler below corrects a blogger who falls into the kind of trap that occurs when we concentrate on jobs.
renny4 Wrote: Jan 18, 2013 7:44 AM
Gov's do not create jobs, except for gov. jobs. On the other hand, tax policy and DC admin, like the EPA and Int., can definitely create non-job programs and a milieuthat discourages job creation and hiring..
Rich L. Wrote: Jan 18, 2013 5:26 PM
Even gov't jobs do not multiply in the economy, because for every dollar they pay to the worker to multiply, they have taken 2-3 dollars out of the economy in the first place.

Good news everyone: Jobless claims on a weekly basis fell to a five-year low according to the Labor Department.

Bad news everyone: Yet still more people remain jobless.

And why is that? Because Obama doesn’t care about jobs.

When you reckon out the newest jobless figures using the Obama’s best calculus, the weekly decline doesn’t mean that fewer people are unemployed.

That would be asking way too much from an administration that seems phobic about private-sector job creation.

“Applications for jobless benefits decreased by 37,000 to 335,000 in the week ended Jan. 12, the lowest level since the period ended Jan....