Blog on the Run: Reloaded

Wednesday, November 16, 2011 8:22 pm

Why the economy will continue to suck until at least 2013


Because, as Steve Benen points out, Republicans are bound and determined to do what they want to do rather than stuff that will actually help the economy:

 

What you’re looking at is a Congressional Budget Office analysis of the likely economic impact of various options now being discussed and/or implemented. And although it doesn’t identify each measure with the political faction supporting it, the nonpartisan CBO finds that what actual economists like Paul Krugman and Brad DeLong think we should be doing will bring the unemployment rate down faster than what the Republicans want us to do.

Benen comments:

Now, if our political process made any sense, this would be about the time that policymakers said, “We all want to improve the economy, so let’s do more of what works, and less of what doesn’t.” Then, they’d look to independent analyses like this one from the Congressional Budget Office to shape the best agenda.

But our political process doesn’t make sense, and analyses like the new CBO report won’t sway Republicans at all. Confronted with evidence that their agenda won’t work, Republicans reflexively respond, “We don’t care what the evidence says; our ideology trumps all.”

And that’s why we can’t have nice things.

Like, you know, jobs.

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