Jobs benefit from regulation

Joel Rector, North Las Vegas

Tuesday, July 10, 2012 | 2:02 a.m.

“U.S. headed down the wrong road,” I wondered: What would the solution be? Years of lax regulations led to the Wall Street meltdown and the near-collapse of some of the largest financial institutions and real estate markets nationwide. Bush-era tax cuts for “job creators” failed to produce the jobs we were promised. In the past decade, we’ve seen a widening of the compensation disparity between highest level corporate executives and workers who actually create the products and services marketed and sold by those corporations. Latchford suggests that during the Roosevelt administration, the “alphabet soup” programs were failures and that the nation didn’t come out of the Depression until we entered World War II. At that point, he says, “virtually everyone went to work.” That’s true. What he didn’t to say was who provided funding for those jobs during wartime; private industry or government?