Devil's in the details
No one's exactly sure what Gov. Jon Huntsman has in mind in his Rooseveltian plan to "jump start" the Utah economy.UofU economist Pam Perlich, tells The Tribune anything is better than simply freezing spending:
I doubt that what they've proposed would be enough to stop the bleeding, but it will slow it down. The worst thing you can do is, when people are pulling back on their spending and losing their jobs, is pulling back on spending and raising taxes.Huntsman's three-pronged stimulus deal seems simple enough:
• Borrow $2.5 million to keep highway projects, and the thousands of jobs they provide, on track.The GOP-controlled Legislature has yet to discuss Huntsman's plan to use government to prod the invisible hand.
• Work with the private sector to get owners into 4,000 new but empty houses to revive the housing market. But even the newly appointed Housing Czar William Erickson isn't sure how to do that: "There's no easy fix. What we're trying to do is figure out why it is that people are not buying today."
• Prioritize state building projects that have private money involved, mostly state college buildings.
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