Blog on the Run: Reloaded

Monday, August 15, 2011 8:41 pm

“The goal isn’t to stay above zero. It’s to grow fast enough to put people back to work.”

Filed under: We're so screwed — Lex @ 8:41 pm

Jared Bernstein on why we shouldn’t think avoiding a double-dip recession is good enough.

This can’t be said often enough: Job 1 needs to be jobs. (But don’t take my word for it. Take the word of such well-known liberals as Hank Paulson and Martin Feldstein.) If we put a lot of people back to work, even if we have to run larger deficits* temporarily to do it, most of our other problems suddenly become a whole lot more manageable. In addition, we’d be alleviating a ton of human suffering, which, despite what our socioeconomic betters and the Beltway media tell us, would not be inconsequential.

*If you’re that worried about the deficit — and most of you who claim to be were nowhere to be found when George Bush the Lesser put us back into them — well, federal taxation, particularly on corporations and the very wealthy, is at its lowest level in more than half a century, so we have some room to maneuver.


Create a free website or blog at

%d bloggers like this: