Job Data Set to Fuel Fight Over Stimulus - WSJ.com

Job Data Set to Fuel Fight Over Stimulus - WSJ.com: "From observation, it would appear that America is of two camps.

One camp (Democratic) can't believe they could be doing anything damaging to the economy by raising taxes and raising entitlements. (Of course, they ignore what the UAW did to GM and high taxes and entitlements have done to the economies of New York, Michigan, California, etc.).

The other camp (Republican) thinks the Democrats can do no good.

Somehow in the middle ought to be the logic that we are in a globally competitive economy where the US has high labor costs and a high relative standard of living. As such, we can either cannibalize ourselves to keep our standard of living going a bit longer (read: borrow lots from the rest of the world); or, we can start to economize and build the infrastructure (read: education, new technologies, etc.) to sustain a high standard of living in a globally competitive economy.

Sadly, people feel keeping someone in jail for drug use is better than sending 2-4 people to college; and, unions like to retire with high pensions and benefits for 40 years having only worked for 30.

Now, in populist righteousness, we're going to punish people for working for banks (read: move to hedge funds to do some serious financial manipulation and gambling) and reduce the equity banks have to back loans. Some think this is a bright idea; but, do they ask themselves is it better to have the government take a $120 billion dollars to payout in entitlements or would it be better (assume roughly 10:1 ratio) to have the money lent out to businesses to create jobs?"