Okay…I’m sure you’ve read about the concerted effort from the right to say that the most important thing for the economy right now is to address the deficits and the fear that inflation may be on the horizon. If you’ve studied economics at all, you know that in a recession, what needs to happen is that the government deficit spends to stimulate portions of the economy that the private sector can’t. This has worked in every recession/depression that the tactic was tried but what I see now is the repubs from David Brooks to Boehner and their ilk are calling for cutting government spending and have categorically rejected the latest call for federal funding to states and cities who are laying off people and cutting back services. Now, they may say that this is perfectly consistent with their conservative views but I see it as a plan for them to ensure that the Obama administration fails so they can go back to the tax-cutting, reward the rich policies that have led to where we are today. And they have done a great job of convincing the man on the street that government intervention for any reason is a bad thing. They use for the underpinnings of their argument that the stimulus package is not adding millions of jobs but only 41K in the last month but what they don’t say is that employment is always a lagging indicator, especially in a recession as severe as this one.
I’ll bet you didn’t believe I could work up any outrage today…I’m glad I could prove you wrong…
One thing I can believe is that these guys are using the misery of the unemployed for their own political gain…geez…