At the very least, fewer competitors in the business--and bond insurers would need to maintain the highest rating to stay in the game--would raise the cost of bond issuance for many smaller cities and make some projects too expensive to finance.

FORBES: Washington To Bond Insurers: Don't Expect A Bailout

There are no jobs without investment, so the easy answer is to reduce the cost of same through reduced capital gains taxes, and most important, the issuance of a stable dollar the value of which will be a magnet for capital around the world.

FORBES: Political Economy