Thursday, August 8, 2013

Obama Still Weak on Jobs

In his July 24 address at Knox College, President Obama once again put out exactly the wrong message when he took credit for " cut(ting) the deficit by nearly half as a share of the economy since I took office."  As economists have pointed out, we should  be increasing government spending rather than cutting it (see below), even if in the short run we increase the federal deficit, as our present policies are slowing our economic recovery, and prolonging the high rate of prolonged unemployment that is ruining so many lives.  

What should the president be saying?  Well, things haven't changed enough  to make my posts of March 2011 and May this year outdated.

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