Seeming to usually prefer government management of the economy to that of the private sector, Professor Alan S. Blinder is now pushing for a jobs tax credit to induce owners to hire more workers. "At the margin" this might work a bit, but primarily this is a "cash for clunkers" proposal, handing money to owners who found a good reason to hire anyway.
Jobs creation remains moribund and inadequate to appreciably dent unemployment because the economic recovery is simply not gaining steam. These weak jobs data indicate the economic recovery remains in low gear, and policies other than big deficits and printing money are needed to get Americans back to work.
If you wanted to wish and hope for the second half of the year, some of the things that would be good to see follow, according to Vince Farrell.