Posts

Dr Paul Krugman, George Will and Austan Goolsbee: The government doesn’t create jobs

Well … that Will is on this list does not surprise me. It’s the other two, publicly admitting the government can’t create jobs, nor can it turn the economy on again, now, that’s man bites dog stuff. Read more

Prof Goolsbee to America: Umm, no, unemployment not coming down anytime soon

Well, there’s a shock. The new economist in chief at the White House, Austan Goolsbee tells ABC’s This Week, don’t look for unemployment to fall. Actually he also wouldn’t make any predictions about how many jobs the President’s new stimulus would create? In fact, he pretty much didn’t say much except, well, trust me, this time it’s gunna work. Nice. Read more