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This is part of the continuing series on rewording confusing economic advice. I have found another expert who disagrees with other experts.

Our next expert is Bill George, professor, Harvard Business School

Bill says that jobs are the most important indicator to watch for signs that the recession has bottomed.” * People without jobs do not spend. He predicts increased unemployment and claims it is unlikely that we will recover anytime in 2009.

George condemns the old democratic social programs as distracting. He also insists that our government needs to learn the difference between saving jobs and creating new ones. He says we should put our focus upon creating new jobs and allow the economy to retool.

So he is suggesting we stop trying to “save” jobs. What is important is the economy, not the people. So we must stop bailing out banks and ignore companies that are going bankrupt. Weak companies need to die to make room for the future. And, of course, new or retooled companies will create future jobs that are better than the old ones.

I can’t wait to inform my 2 year old grandson that he will have a job when he is ready to work in 2025.

Now aren’t you encouraged?