By accelerating Measure R's transit construction through bond sales, L.A. County could generate at least 165,000 jobs here and now with the 30/10 project.
The American economy is intractably stuck. No one is creating jobs.
Not corporations, even though they're earning record profits and are sitting on nearly $2 trillion in cash. Their profit surge, however, comes from renewed sales abroad and relies on increased productivity, reduced wages and a diminished labor force at home. Not small businesses, which still cannot obtain credit from the banks nor resume hiring until U.S. consumers resume consuming. And most assuredly not the federal government, whose stimulus package saved millions of jobs, but not enough to convince the public to support the second stimulus the economy now desperately needs.