Word: sectoral
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...Iraq-triggered American public boycott of France's wines in 2003 - and shorter-lived than the deportation of French fries from Congress' menu. "Even from this administration, I was astounded by such a grotesque, petty and inefficient gesture in its last hours in office," Mistral says. "No U.S. sector benefits from this, and there's no way the E.U. will reverse its ban on hormone-raised beef that consumers here don't want. I suspect we'll see this move reversed by the new administration as both obnoxious and futile." For a nation derided by France-bashers as "cheese-eating...
...plan goes forward, it is important that our money goes to the right places. Obama’s dedication to creating private sector jobs is laudable, and will avoid inflating the public sector. In this way, the jobs he creates in competitive industries will be permanent. Constant oversight of the plan’s funds is necessary to ensure that they are spent as efficiently as possible...
...campaign ends and another begins, Obama will need to broaden his base without disappointing true believers like Richardson. In the 1970s, Richardson graduated from college with a degree in urban studies and hoped to work in the public sector. But his first job, working for then D.C. mayor Walter Washington, was dispiriting. He found himself handing out public-assistance checks to people who were gaming the system, an experience that led him to register as a Republican. Now, he says, he may finally be able to serve as he had always hoped. "I will be 59 in April," he said...
...that speed and size aren't important. We're in a death spiral: businesses are shedding workers at a record pace, which saps consumer spending, which leads to more layoffs, and so on. The public sector needs to get an awful lot of unemployed workers and equipment back to work ASAP. As Christina Romer, an expert on the Depression who will chair Obama's Council of Economic Advisers, warns in a new YouTube video, we can't "let that vicious cycle go all the way to the nightmare scenario." In fact, many Keynesian liberals have been dismissing the Obama proposal...
...when will there be a better time? We should bail out the public sector, but only with serious strings attached; otherwise, we'll repeat the bailout of the financial sector, which pocketed the federal handouts and kept doing whatever it pleased. Bailouts should be reserved for states and communities facing the most drastic contractions - and even those shouldn't be rewarded for frittering away surpluses on sunny-day tax cuts and race-to-the-bottom subsidies designed to lure out-of-state businesses. States shouldn't be rewarded for keeping their fiscal houses in order by stiffing Medicaid programs either...