While I try to find something to post, a quick thought.
A few weeks ago Paul Krugman said:
what strikes me is just how wrong-headed the Obama administration’s “pivot” away from jobs and toward the deficit back in 2010 really was. It was bad economics; but it was also really bad politics, shifting the debate to exactly the ground where the right tends to have an (undeserved) advantage.
The good news for Democrats is that Obama is now in the process of unpivoting.
But the political establishment and the Very Serious Pundits are doing their best to turn the discussion back to deficit reduction.They already are.
Don't let them.
Posted by Mark Thoma on Tuesday, December 27, 2011 at 08:46 AM in Budget Deficit, Economics, Politics, Unemployment |
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