Thursday, February 7, 2008
Kick Start the Economy
Since the last business cycle peak in March of 2001, 63% of the job growth in this country has come from two sectors of the economy...education and health care. Together they have created 3.7 million new jobs. (28 million jobs and 20% of total workforce)
By comparison, the next biggest source of new jobs, the leisure and hospitality industries added only 1.7 million.
If a recession is imminent and many think we are already in a recession does it make sense to for state governments to CUT these areas of the economy?? In fact, could the restoration of those 100,000 cut off medicaid by Blunt and the Republicans in 2005 be not only a moral and right thing to do but also be one of the best things to help Missouri's economy? Could adding more nurses, teachers and hospital orderlies, higher reimbursment rates and increasing funding for student loans and grants in medical and education actually hold off or smooth out the recession?