Opinion: Get back to basics to get economy going
Publisher’s note: This editorial is from the June 21, 2011, Reno Gazette-Journal.
By now, it has become crystal clear that there is no magic bullet for what ails the American economy.
Nowhere is that more true than in Nevada, where the nation-leading unemployment rate fell slightly, to 12.1 percent in April but rose in the state’s two most populous counties, Washoe and Clark, where it matters most. (The jobless rate is more volatile in rural counties, where small changes in the actual numbers can cause wide swings in rates.)
What we’ve seen during the past few years is that there isn’t much that either Congress or the Federal Reserve Board can do that will convince cautious consumers that this is a good time to start spending again or pessimistic business owners and managers that the time is right to hire again.
It should now be apparent that it will take considerable time for this state to regain what it lost when the once-booming economy collapsed. It will take patience and more than a little derring-do by entrepreneurs who see opportunities where everyone else sees only gloom.
Nevadans shouldn’t be looking for a home run. What they need is a lot of singles.
Oh no! The answer is simple: more tax breaks for business and the very wealthy. That always works!
It would have worked if the feds had given ALL us $50.000 to start spending, instead of bailing out the banks auto factories.
The Obama Plan was Bad from the get go,the only ones that continue to reap all China’s Big Yellow loan is Wall Street, while the rest starve in homeless camps,lost their homes,building stopped,and the gears of progress came to a screeching halt.
They had to be on acid to even think that it would cure itself within 4 years$?
Bogus THAT they call this The Great Recession, when it’s been a full blow depression and the cash getting mighty thin in the printing machines of the U.S. MINT.
Even if the economy is bringin ya down this weekend a great band from Leeds England is at Tallac Brewery –
The New Mastersounds – FUNKY – check out this Tahoe video sample
http://youtu.be/04QyD4zTcgU
Sample from the 2008 concert in north Tahoe
Live at leeds with the “Who” can never be more powerful with amps and townsend,cramming a fender through a 18inch Marshall amp….hey that was real good stuff.
celebrity gold better off with choir music,,but it;s a good way bored the money guys to saying hell with this snow “lets gamble!!$$$$$$$