Hey D.C., where is your love for the jobless? Paul Krugman seems to think you are more concerned about budget deficits than the millions of unemployed even though “polls indicate that voters still care much more about jobs than they do about the budget deficit.”
I still don’t know why the Obama administration was so quick to accept defeat in the war of ideas, but the fact is that it surrendered very early in the game. In early 2009, John Boehner, now the speaker of the House, was widely and rightly mocked for declaring that since families were suffering, the government should tighten its own belt. That’s Herbert Hoover economics, and it’s as wrong now as it was in the 1930s. But, in the 2010 State of the Union address, President Obama adopted exactly the same metaphor and began using it incessantly.
Oh, wow, did you hear that? Tightening your belt is so Hoover economics! Consider yourselves served!
If the government wants to tighten its belt on anything, maybe military spending would be a good first step. Then perhaps the billions from that cut can be allocated to address the issue of job creation.