Economic genius Laura Tyson has written an article telling us all why the jobs haven't come back. "There's not enough demand!" she cries. Actually, Laura, more demand isn't the issue. We get paid too much. That's the deal. We don't have the jobs because companies can hire Chinese, Indians or Mexicans for far less. More regulations, more government spending and more debt isn't going to solve this problem. We just get paid too much. You have to compete for jobs and right now we're losing that competition.
Update: This was unnecessarily nasty and I wanted to delete it, but some of you took the trouble to comment, so I'm leaving it alone.
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