spending by those who were hired through this program and from similar retail spending fromother previously authorized jobs saving/creating programs that have a somewhat delayedsignificant jobs increase.
BENEFITS SUMMARY OF COUPONS-FOR-JOBS INITIATIVE
The demand for
in retail, wholesale and domestic manufacturingindustries
comes as a result of increased demand for the products
providedby these sectors of the economy.The Results of the Coupons-For-Jobs Program would be as follows:
1,241,490 Projected Equivalent
Jobs to be added through the 8
month after implementation
(Initially, some workers will have their hours increased before othersare hired.)
Unemployment in the combination of Retail, Wholesale and Manufacturing should bereduced from a projected 10.7 % in the Implementation Month (assumed to be March,
2010) in only 8 months to 6 .95 % by November, 2010 (
excluding any return to theworkforce by “discouraged workers”
).Requires Issuing $17.1 Billion of Targeted Coupons-For-Jobs
This is much less than thepresently unused TARP funds and other similarly planned but not yet issued funds to improveGDP, employment, etc.
The newly hired people will generate $1,261,853,549 of retail spending by the 8
This also results in additional employment at all three sectors of theeconomy.
Coupons-For-Jobs ought to be implemented without any increase in the national debt
beyond the level already associated with other government programs.Individual consumers will be encouraged to use these coupons as their way to help increasedomestic employment. The coupons may encourage them to select products that aredomestically produced even though current government and/or political considerations probablywill not allow a “Buy American-Made Products” promotion.
TOTAL PURCHASING $ GENERATED BY THE COUPONS-FOR-JOBSINITIATIVE
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