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...course, for the 15 million people out of work, that's little consolation. So the government is poised to act. Here's a rundown of four sorts of ideas being bandied about, and how much we can realistically expect from each...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...also misleading to imply that companies aren't hiring. They are - about 4 million workers a month. There is always a lot of churn in the American labor market and that doesn't stop during a recession. (We don't particularly feel the hiring right now because companies are letting workers go at a higher rate.) In a best-case scenario - if using tax dollars to subsidize corporate hiring works exactly as it should - we'd wind up paying for 4 million hires a month that we would have otherwise gotten for free...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

Hire More People to Work for the Government Perhaps the easiest way for the government to create jobs is for it to create government jobs. The example quoted most often: the federal Works Progress Administration (WPA), which during the late 1930s employed more than 8 million people. The jobs were project-based and largely in construction - we got a lot of highways and airports out of it - but also occasionally in professional fields such as teaching, nursing and writing. (See 10 ways your job will change...

Author: /time Magazine | Title: Can the Federal Government Really Create Jobs? | 12/8/2009 | See Source »

...carefully as any man alive. Burned by a brash, freewheeling interview in GQ early in his career, he shrank from the spotlight even while courting it to augment his fortune. He shut out the press, cloistered his family in ritzy enclaves, abhorred distractions. This is a guy whose $20 million yacht is named Privacy. For years his interviews have been as scripted and predictable as his Sunday tournament garb, so aggressively bland that those of us who prefer our superstars a little grimy embraced his profane outbursts and predilection for hurling clubs on the course as a welcome dash...

Author: /time Magazine | Title: Let Down by a Tiger We Never Knew | 12/7/2009 | See Source »

...Right now it may be hard to muster much sympathy for Tiger, who could comfortably bandage his wounds in $100 bills and still have a few hundred million to spare. But history's best golfer will undoubtedly seize the chance to repair his reputation the way he earned it in the first place. One Sunday next year, Woods will catch fire, tear past the competition and hoist another trophy. When that happens, let's hope fans remember that public prowess does not equal private virtue, and that we should reserve our adulation for those whom we know are actually deserving...

Author: /time Magazine | Title: Let Down by a Tiger We Never Knew | 12/7/2009 | See Source »

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