Many jobs created by economic stimulus don't last
Many jobs created by the American Recovery and Reinvestment Act are temporary and don't turn into permanent positions, analysts say. "The bottom line is these are meant to be stop-gap measures," said Doug Roberts, chief investment strategist at ChannelCapitalResearch.com. "This is fairly typical in stimulus plans. It's the same as it was in the 1930s: To put people back to work, the government looks at all of the stuff that was on its to-do list."
CNNMoney.com | 11/02
This story published in CPA Letter Daily on 11/03/2009
More from SmartBrief:
How to elect out of bonus depreciation
Thursday, July 2, 2009
IRS provides procedures for making COD deferral election
Wednesday, August 19, 2009
New internal control services guide for governmental organizations and CPAs available
Tuesday, October 6, 2009
Get stories like these delivered daily for FREE:
|
CPA Letter Daily
Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news. Learn more |
|