Letters: First demand, then hiring
Re “Job creation slows amid uncertainty,” July 7
U.S. firms are hesitating to hire new employees because of reduced demand, not because of uncertainty. Demand for goods and services creates jobs. Why would a company hire when no one is buying its product?
Put money in the pockets of consumers and they will spend it. Companies will then have to produce more by hiring more people to satisfy the demand.
The transportation bill that Congress passed last week will put money in the pockets of consumers. That money will be spent, creating demand and jobs.
Rogelio Peña
Montebello
Re “Polls belie the news,” News Analysis, July 7
It shouldn’t be a surprise that voters don’t seem to be swayed by economic data. Most of us know the president doesn’t control the economy. This isn’t President Obama’s recession. Spain and Greece need bailouts, and even China’s growth has slowed. The economy would be at least as bad if Mitt Romney had been president the last three years. Given his anti-bailout stance, Chrysler or General Motors would not have survived. More banks would have failed, making it even harder to get a loan or renegotiate a mortgage.
No matter who’s in the White House, it’s going to take years to climb out of this hole.
George Riggs
Walnut
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