This matter of job creation is not trivial. I believe that we've hit an inflection point, a point of transition from one economy to the next akin to the transition from agricultural to industrial, or industrial to information economy. Making this transition will require shifts in how corporations, schools, universities, and governments are managed and how policy is formulated.
There are many questions that have to do with the issues of how to create jobs, reverse wage stagnation, and lower unemployment. (These are related but separate issues.)
But in the midst of the uncertainty about how best to lower unemployment we do know at least one thing. Fiscal austerity - deficit reductions - that would result in massive layoffs of government workers and government contractors won't lower unemployment. This is one of the few certainties we have in the midst of so many questions.
And yet, sadly, the Republicans who've just won office seem convinced of only one thing: fiscal austerity - deficit reductions - that would result in massive layoffs of government workers and government contractors is the one thing that will make this country better.
I guess it is just the height of optimism to wish that after the Bush / Cheney / Rumsfeld promises we'd have learned that there is a big difference between conviction and actually being right.
About the only thing we know for sure is that slashing government spending would cause this economy to stall. And yet, this seems about the only thing the Republicans are convinced of.