Turning Their Backs on the Unemployed
Fiscal policy is restraining economic growth
Congress, implicitly:
We don't care
Maximizing the fortunes of the wealthy backers of political campaigns -- e.g. cutting their taxes so they don't have to pay for programs that help "those people" after the financial wizards on Wall Street cause the economy to crash -- is not the same as maximizing economic growth and employment. The wealthy think it's the same -- in their minds they are the job creators, what's good for the wealthy is good for America! -- but it's not.
Posted by Mark Thoma on Thursday, March 20, 2014 at 10:11 AM in Economics, Fiscal Policy, Monetary Policy |
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