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Economic agenda: Friday, Aug. 20, 2010

At 10 a.m. -- The Labor Department releases data for July on regional
and state unemployment, as well as on mass layoffs.

By Mike Shepard  |  August 20, 2010; 8:01 AM ET
Categories:  *Economic agenda  
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Next: Morning briefing: With oil falling toward $70/barrel, will OPEC restrict production?


Recovery 101 – Have we seen much bang for the bucks spent in expectation of stimulating the US economy? The answer is No!
The only solution to really get the economy going and create jobs is to offer a residential mortgage interest tax credit, governed by the same higher income phase out rules as the current mortgage interest tax deduction. A credit rather than just a deduction will cause money to pour money into the US housing market and create jobs for real economic growth. The cost to taxpayers for such a program would be far less than the already spent stimulus money and spur the US economy enough to pay for itself. Without such a solution, we may continue to stagnate as we have for the last year and a half.

Posted by: Anonymous | August 20, 2010 12:03 PM | Report abuse

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