Professor of Economics, American University
Professor of Economics at American University and senior fellow at the Urban Institute
PROFILE
Robert Lerman
Guest
FROM Robert Lerman
To the Point
'Job One' for the President: Creating Jobs In America's "jobless" economic recovery, unemployment is setting records. The Obama Administration has adopted a long-term approach to creating new jobs . But the President has now conceded that "our friends, neighbors and family members are desperately searching for jobs," and has called for a Jobs Summit at the White House next month, partly in response to Democrats worried about next year's mid-term elections. Since the current increase in economic growth is not creating jobs the way it's supposed to, what about a more direct approach? In Germany, which gave birth to " Cash for Clunkers ," the government has kept unemployment down by subsidizing a work-sharing program. Are there other programs that can be borrowed from Europe? What about getting the banks to lend money?
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