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Politics : View from the Center and Left
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To: Wharf Rat who wrote (245610)2/26/2014 11:50:03 AM
From: Steve Lokness  Read Replies (1) of 541490
 
This is actually an old piece by Krugman from the middle of last year, but does it signify that Krugman now thinks he was wrong about the stimulus? Now he is saying those missing jobs are not from lack of stimulation but instead from new ways of doing business and that the jobs are gone forever. His idea of cutting the work week significantly has as much chance of being implemented as stimulating the economy with money from the tooth fairy.

It likely won't come as a surprise that I think Krugman is completely off his rocker here. ........It isn't a lack of jobs, it's a lack of grand ideas. Build that highway system across America - whoops, that's been done - what we need now is rapid trains across America. We could also prepare for GW - you know build dikes around New York. Well, you get the idea. Orrrrrr, your favorite is to build solar panels on every house and barn across America. Think that wouldn't provide jobs? Shit we could employ half of America for a year just picking up garbage that lazy Americans throw out their car windows - okay, that one might not fly. ............This loss of jobs because of progress has been an argument that has been thrown out there forver. It's no different this time.
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