Why can't the government be the "employer of last resort"?
They are already a "lender of last resort" for the financial industry. They are also essentially giving wall st welfare to remain in business. They are lending them money at or near 0% interest and borrowing that money back at 3-4% interest.
Why not employ people who can't find work and put them to work instead of just paying them unemployment, welfare, etc and requiring no work? Many of these people have good skills and those who don't can still do manual labor. We have all kinds of local, regional, and national infrastructure that could use maintenance, repair, and cleaning. We could even be building new infrastructure to prepare our country for the recovery.
They are already a "lender of last resort" for the financial industry. They are also essentially giving wall st welfare to remain in business. They are lending them money at or near 0% interest and borrowing that money back at 3-4% interest.
Why not employ people who can't find work and put them to work instead of just paying them unemployment, welfare, etc and requiring no work? Many of these people have good skills and those who don't can still do manual labor. We have all kinds of local, regional, and national infrastructure that could use maintenance, repair, and cleaning. We could even be building new infrastructure to prepare our country for the recovery.