Read Krugman today
as usual, it his column is a must-read. Today's is titled We Don't Need No Education, words derived from Romney's criticism of the President for wanting more teachers, fireman, and police.
Republicans including Romney argue that
Republicans including Romney argue that
our disappointing economic performance has somehow been caused by excessive government spending, which crowds out private job creation. But the reality is that private-sector job growth has more or less matched the recoveries from the last two recessions; the big difference this time is an unprecedented fall in public employment, which is now about 1.4 million jobs less than it would be if it had grown as fast as it did under President George W. Bush.Krugman points out not having those jobs is the difference between our current unemployment rate of 8.2% and what would be 7.3% - which as a side note would mean that the President would have fulfilled his commitment to lower unemployment below 8%. But there is so much more.