{"id":731,"date":"2011-09-09T16:48:04","date_gmt":"2011-09-09T20:48:04","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=731"},"modified":"2011-09-09T16:48:04","modified_gmt":"2011-09-09T20:48:04","slug":"what-the-country-needs-is-a-new-new-deal-truthdig","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/09\/what-the-country-needs-is-a-new-new-deal-truthdig\/","title":{"rendered":"What the Country Needs Is a New New Deal &#8211; Truthdig"},"content":{"rendered":"<blockquote><p>The problem is that the president believes we can cure our jobless problem by providing the proper incentives to the business community. And here he is committing one of the few big policy blunders from Lyndon Johnson\u2019s War on Poverty. Like Johnson, who focused on retraining the unemployed for jobs that did not exist, Obama has focused on incentivizing the businesses community to hire workers to produce for customers that do not exist.<\/p>\n<p>&#8230;&#8230;The truth is simple and contrary to these views. Business will not hire more workers until it has more sales. Consumers will not spend more until they\u2019ve got more jobs.<\/p><\/blockquote>\n<p>via <a href=\"http:\/\/www.truthdig.com\/report\/item\/with_300_billion_the_president_can_reduce_unemployment_to_zero_20110908\">What the Country Needs Is a New New Deal &#8211; Truthdig<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The problem is that the president believes we can cure our jobless problem by providing the proper incentives to the business community. And here he is committing one of the few big policy blunders from Lyndon Johnson\u2019s War on Poverty. Like Johnson, who focused on retraining the unemployed for jobs that did not exist, Obama &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/09\/what-the-country-needs-is-a-new-new-deal-truthdig\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;What the Country Needs Is a New New Deal &#8211; Truthdig&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34],"tags":[1227,1968,3246],"class_list":["post-731","post","type-post","status-publish","format-standard","hentry","category-us-canada-countries-regions","tag-employment","tag-jobs-bill","tag-stimulus"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What the Country Needs Is a New New Deal - Truthdig - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the Country Needs Is a New New Deal - Truthdig - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The problem is that the president believes we can cure our jobless problem by providing the proper incentives to the business community. And here he is committing one of the few big policy blunders from Lyndon Johnson\u2019s War on Poverty. 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The evidence is clear that, in the aggregate, this helped American workers -- and not just because Nafta and other free-trade agreements make goods cheaper and promote U.S.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8220,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/08\/the-magical-world-where-mcdonalds-pays-15-an-hour-its-australia-the-atlantic\/","url_meta":{"origin":731,"position":2},"title":"The Magical World Where McDonald&#8217;s Pays $15 an Hour? It&#8217;s Australia | The Atlantic","author":"ColinTwiggs","date":"August 8, 2013","format":false,"excerpt":"Jordan Weissmann compares wages paid to McDonalds workers in Australia and the US, raising four interesting points. Firstly, McDonalds (or \"Maccas\" if we use its colloquial name in Australia) is profitable in both low-wage and high-wage countries: The land down under is, of course, not the only high-wage country in\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6835,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/02\/nations-must-prepare-for-robots-destroying-the-low-skill-job-market-business-insider\/","url_meta":{"origin":731,"position":3},"title":"Nations Must Prepare For Robots Destroying The Low-Skill Job Market &#124; Business Insider","author":"Colin Twiggs","date":"March 2, 2013","format":false,"excerpt":"This opinion piece from the Economist proposes redistribution on a grand scale to remedy massive unemployment from mechanization of assembly lines. 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