Government Stimulus Package Unlikely to Result in Job Gains in Near Term
Jan. 12, 2009
Jeffrey Beeson, 573-882-9144, BeesonJ@missouri.edu
"What the U.S. government does best is purchase public goods that expand our quantity of goods and services that our nation produces," Haslag said. "For example, when government money is utilized to fix highways, jobs are created and citizens driving on the new roads will save money on gas and car repairs."
In Missouri, the unemployment rate has stayed nearly even with the national average, which Haslag expects to remain constant.
“Although things will still be bumpy for about six months, we are starting to see the ‘seeds’ in place for a recovery,” Haslag said. “Reports have shown that the savings rates are increasing, which will allow banks to strengthen their assets and start making loans to solid prospects once again.”
Haslag joined the MU Department of Economics in 2000. He holds a doctorate from Southern Methodist University (1987). Haslag previously worked as an economist at Federal Reserve banks in Dallas, Atlanta, Kansas City and St. Louis.