UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: albaby1 Big gold star, 5000 posts Top Favorite Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1955465  
Subject: Re: Obama's mistake Date: 4/29/2013 4:52 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Why does it always have to be construction jobs?

It doesn't. But building public works (schools, fire stations, roads, sewer lines) is a very visible and classic thing that government spends money on - and I thought that your idea was to replicate that type of visibility.

As for this:

There are a tons of out of work teachers. How about putting them to work tutoring the underprivledged?

Well, that's what an awful lot of the stimulus money went towards doing - transfers to state governments to keep then-currently employed teachers (and other government workers) from losing their jobs. After all, it doesn't make sense to pay money to hire an out of work teacher to be a tutor if you're just going to have to fire the 3rd grade teach outright - use the money you'd pay to the former to keep the latter in his job. Education transfers were the fourth largest component in the stimulus bill - and the second largest spending component:

http://projects.nytimes.com/44th_president/stimulus

Modernviking noted:

Well, there you go. We could start by beefing up the departments that clear permit applications and site inspections and plan reviews. It would require technical, management, and administrative staff. So there's one opportunity.

Not really. The time frames involved don't result from a lack of staffing - indeed, during the downturn those departments were vastly overstaffed after the construction work flow dried up. It just takes some time to complete the various reviews needed before you can use federal money to build something. And of course, those jobs (like lawyer jobs in the SEC) can only be filled by folks with very specific, and usually lengthy, qualifications.

Plus, most of these jobs - teachers, computer programmers, attorneys - require at least a college degree. Unemployment among college grads was not an especially huge problem at the time of the stimulus - as late as spring of 2009, the unemployment rate for college grads was only 4.4% (compared to 14%+ for folks without high school degree and 10%+ for those with just a diploma). Underemployment/"work below qualifications" was an issue, but government work programs are not usually designed to address that.

Albaby
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement