The challenge for both Obama and Romney: how to tackle the "jobs crisis?"

Posted by scapozzola on 05/31/2012

In Huffington Post, Jane White says that while President Obama may be right to criticize Mitt Romney's tenure at Bain Capital, he isn't immune to criticism of his handling of America's job crisis.

Simply put, according to White, it would be hard to say that either candidate's economic approach is purely correct:

Neither Reaganomics nor Keynesian approaches to our stagnant economy will work. Economist Paul Krugman's contention that "If we were to ... rehire the schoolteachers (and) firefighters ... we would be a long way back towards full employment" is dead wrong. Stimulating spending simply keeps Wal-Mart checkout clerks and Chinese factory workers on the job instead of creating well-paying American factory jobs.

White argues that good-paying jobs are needed, not just "jobs."  What's necessary are bold moves like bringing back manufacturing jobs and investing in worker training for the 21st Century.

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