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.