Monday, October 11, 2010

They Didn't Try

Krugman:
But if they won’t say it, I will: if job-creating government spending has failed to bring down unemployment in the Obama era, it’s not because it doesn’t work; it’s because it wasn’t tried.
But Obama didn't want to try it because that would be socialism or something.
In the only other economic situation comparable to this, we tried it, and it worked.

It might be a good idea to try it again. We now have close to 10% unemployment, and the administration seems to have attempted one approach and is now out of ideas.

Oh yeah, and something the administration should remember for the future: You could build a statue of Milton Friedman fucking Ayn Rand on the White House lawn and the Republicans would still call you a socialist. They don't care. They really don't.

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