More Short, Less Sweet

It’s cool to be a daddy’s girl. It’s sad to be a mommy’s boy. — Anon.

The corpse of Harry Truman has reportedly been so pissed-off by Obama’s tongue-tied, puny-spirited defense of his first two highly accomplished two years in office, that it dragged itself across the country and showed up at the White House last night. “Goddammit, it said. What’s the matter with yo“Carry the battle to them. Don’t let them bring it to you. Put them on the defensive and don’t ever apologize for anything.”

Doomed! Because what we need are defaults on credit, not payoffs, and we’re getting nowhere near enough of the former. (Link. More here.)

Doomed!

But now, as then, powerful forces are ideologically opposed to the whole idea of government action on a sufficient scale to jump-start the economy. And that, fundamentally, is why claims that we face huge structural problems have been proliferating: they offer a reason to do nothing about the mass unemployment that is crippling our economy and our society.

So what you need to know is that there is no evidence whatsoever to back these claims. We aren’t suffering from a shortage of needed skills; we’re suffering from a lack of policy resolve. As I said, structural unemployment isn’t a real problem, it’s an excuse — a reason not to act on America’s problems at a time when action is desperately needed. — Prof. Krugman

The idiocy continues….

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