But It Ain't Going To Happen

clipped from www.forbes.com Returning to the gloomy job and wage predictions, when those who expect the worst talk about jobs and pay, what they're really talking about is investment. Their funereal views of our economic future are rooted in the notion that stateside investment will dry up such that wages and job opportunities will become less bountiful. If so, what looks unfortunate is easy to fix. There are no jobs without investment, so the easy answer is to reduce the cost of same through reduced capital gains taxes, and most important, the issuance of a stable dollar the value of which will be a magnet for capital around the world. Jobs are the easy part--if only the Obama administration actually focuses on what's presently driving down investment.