WPA photo from Depression-era soup kitchen. Among the latest attacks on President Obama's policies are claims that his economic stimulus created few jobs, and at exorbitant cost to taxpayers: $278,000 per job, to be exact. Fuzzy math aside, what his foes fail to mention is that the stimulus, like all else these days, operated under the conservative creed that everything must be done through the private sector. This ethos, which Obama has firmly embraced, prevents the federal government from taking the far more efficient route of simply employing people, which might have created many more good jobs at the same cost.
Had Obama had heeded FDR's experience during the Great Depression, we could have put unemployed people to work rebuilding American infrastructure—bridges, tunnels, railroads, roads—not to mention restoring and shoring up wetlands and carrying out other environmental projects. That's what Roosevelt famously did with his Works Progress Administration and Civilian Conservation Corps.
Such an initiative might have been possible, on some scale, prior to the midterm elections. But with the gridlock in Congress and diminishing confidence in the president and government, that course now is hard to imagine. Instead, the austerity imposed by the debt deal will further impede any chance of real job growth—as Roosevelt discovered in 1937 when he briefly adopted austerity measures, only to see a falling unemployment rate spike once again.
But even at this dismal stage, there remain a handful of realistic projects that ought to appeal to some fiscally minded conservatives, and Democrats as well.
[Read more in the MoJo blog]