Jobs and the U.S. Economy

Jobs and the U.S. Economy

The U-S jobs picture and how to promote growth. Despite a modest uptick in the GDP and a likely move by the Federal Reserve to provide more stimulus, debate continues on what Washington can and should do next about the economy.

For a majority of voters heading to the polls tomorrow, the economy remains the number one concern. Bush administration bank bailouts followed by President Obama’s targeted tax cuts, stimulus spending, and a life line for the U.S. auto industry have yet to lead to a meaningful dent in the nation’s unemployment rate. Democrats argue that the situation would be far bleaker without the dramatic steps from Washington. Republicans,including a number of Tea Party candidates, promise federal spending cuts, but offer very few specifics: the U.S. jobs picture and how to promote growth.

Guests

Bruce Bartlett

columnist for The Fiscal Times, former Reagan economic policy aide, and Treasury Department appointee under George H.W. Bush.Latest book: "The New American Economy: The Failure of Reaganomics and a New Way Forward."

James Galbraith

economist; Lloyd M. Bentsen Jr. chair in government/business relations and professor of government at the University of Texas at Austin's Lyndon B. Johnson School of Public Affairs; author of "The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too."

Rea Hederman

senior policy analyst, The Heritage Foundation.

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