Consumption key link to long term econ not deficit spending or confidence
Froomkin 2010
Dan, Huffington Post Online, http://www.huffingtonpost.com/2010/01/23/7-things-about-the-econom_n_433688.html
In an interview with Fox News back in November, Obama himself raised the possibility that the economy could once again head into a tailspin, saying: I think it is important though to recognize that if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the US economy in a way that could actually lead to a double-dip recession. This is the classic Wall-Street influenced worst-case scenario -- with government spending as the villain and interest rate increases as the ultimate horror, leading to doom. But Obama may be worrying about the wrong side of the Wall Street/Main Street axis. The more likely reason the economy could tank again is because of insufficient demand. For the past decade or so, the growth of the U.S. economy was primarily fueled by the credit and housing bubbles -- which now turn out to have been illusory. So what will spur growth this time? Especially with so many Americans out of work? Where's the demand going to come from? Citing, among other things, the likelihood that the U.S. savings rate could go markedly higher in the coming years, Nobel laureate economist Joseph Stiglitz warns that "we are not seeing a recovery of sustained consumption,"and says there is a "significant chance" of a double-dip recesssion for that reason.
Creating High skill jobs will help boost the economy.
TECHWEB 10 (“Startup Visa Act proposed to create US jobs” Techweb, March 4, 2010) TKK
"Everywhere Dick LugarDick Lugar -Search using:  Biographies Plus News News, Most Recent 60 Days and I travel for the Foreign Relations Committee," said Kerry in a statement, "we see firsthand the entrepreneurial spirit driving the economies of our competitors. Creating a new magnet for innovations and innovators to come to the United States and create jobs here will offer our economy a double shot in the arm -- robust job creation at home and reaffirmation that we're the world's best place to do business."
I/L – Job Creation Key
The economy is rebounding but has slowed until jobs return
Aversa 7/30
(Jeannine - AP Economics Writer; 7/30/10; http://news.yahoo.com/s/ap/20100730/ap_on_bi_go_ec_fi/us_economy) BHB
The economy is still growing, just not by much. And until that changes, don't look for the jobs to come back. Americans spent less and businesses thought twice about restocking their shelves in the past three months, making for a sluggish spring. And the government now says the recession was a deeper hole to climb out of than previously known. The gross domestic product, the broadest measure of U.S. economic output, grew at an annual rate of 2.4 percent from April to June, down from 3.7 percent the quarter before and the weakest showing in nearly a year. Many economists say the economy is growing even more slowly now. "The economy has lost some steam," said Sung Won Sohn, an economist at California State University, Channel Islands. "Some of the pistons in the engine are sputtering, and economic momentum is slowing."
Growth is a function of productivity
Saari 6
(Seppo - Dr of Science in Technology at Satakunta University of Applied Sciences; “Productivity Theory and Measurement in Business”)BHB
By help of the production function, it is possible to describe simply the mechanism of economic growth. Economic growth is a production increase achieved by an economic community. It is usually expressed as an annual growth percentage depicting (real) growth of the national product. Economic growth is created by two factors so that it is appropriate to talk about the components of growth. These components are an increase in production input and an increase in productivity.
Productivity losses impact the world economy
Tammy 9
(John - senior economic adviser to H.C. Wainwright Economics; 7/30; http://www.realclearmarkets.com/articles/2009/07/30/why_investors_should_ignore_gdp_97333.html) BHB
The great Canadian economist Reuven Brenner has likened macroeconomic calculations to dangerous mythmaking that sustains "the illusion that prosperity is necessarily linked with territory, national units, and government spending in general." Truer words have rarely been written, particularly when we consider how very much our economic health is related to productivity outside our borders. Simplified, with the only closed economy being the world economy, our productivity accrues to individuals outside the United States, and foreign productivity similarly accrues to our own economic well-being. National economic statistics presume a war among the economically productive based on country borders, when in fact the world is an increasingly integrated economic whole.
Productivity is key to an improved standard of living
Geithner 5
(Timothy – CEO Fed Reserve; Remarks by Mr Timothy F Geithner at the Puerto Rico Bankers Association Luncheon, New York, 12 April 2005)BHB
Perhaps the most important dimension of this experience was the doubling of productivity growth, from about 1.5 percent a year in the two decades up to 1995 to more than 3 percent a year in the decade since. Productivity growth is important because it is the primary driver of long term gains in living standards. And this acceleration in the United States seems more remarkable in part because most other large mature economies experienced a slowdown in productivity growth during the same period. This doubling of productivity growth in the United States can be broken down into several important elements. One was rapid improvement in the productivity of the relatively small part of the economy that produces information technology, including computers and computer software and telecommunications equipment. Also important was very substantial growth in investment in information technology by the rest of the economy. And alongside these changes, U.S. firms became significantly more efficient in their use of equipment and labor.
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