Furlong: economy improves by getting money to bottom 50%

Although he sees foreign policy as a close second, Utah State University Political Science Professor Bill Furlong says the economy is the most important problem facing both the U.S. and Europe. On a recent KVNU Crosstalk show, Furlong said what is needed is job creation.He said what he means is real job creation, not phony job creation like many politicians are talking about. So how do you get real job creation?”Get money in the hands of the people that spend it on consumer goods,” Furlong said. “That’s the bottom 50% (that) need to have money in their hands so that they’ll spend it. “If you give more money to the top 1% they are already sitting on billions if not trillions of dollars that they’re not spending. They’re waiting for something to happen, and that something won’t happen until money gets in the hands of those people who will spend it on food, and medicine, and housing and their bills.”He says this has to be done in the public sector as well as the private sector because we’ve been losing school teachers, first responders and other important public sector employees as state and local governments continue to face financial problems.

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