There’s an article in today’s NYT on the economic debate within the White House. The print version—not the online one—contains this quote from an admin official:Government spending is the only thing that will create jobs right now, and jobs that people desperately need for work the nation desperately needs done. Infrastructure is crumbling, schools are slipping and there are millions of idle Americans who need the work. Why is this so difficult for the teabaggers to comprehend?
“It would be political folly to make the argument that government spending equals jobs.”Really? I mean, I get the reluctance, and certainly the “spending=jobs” frame, while essentially correct, may not be the right way to frame it.
But in fact, the best way to get people back to work right now, with consumers weakened and investment on the sidelines is through more government spending…it should be targeted and temporary, but jeez, the President himself has been making this point, and correctly pointing out that R’s are blocking him on it.
Sunday, August 14, 2011
"Herein Lies the Problem"