Bill Moyers recently interviewed Nobel Prize-winning economist, Paul Krugman. When Krugman was asked what Treasury Secretary, Jack Lew, can do to help the American economy, he replied, “Campaign against this austerity obsession. We’re not going to get a big new stimulus package, much as I would like to see it. No, we’re not going to get it this year, anyway. But I’d like to see him saying when somebody says, ‘Well, we need to slash here, we need to slash there.’ And he would say ‘Why would we want to be doing that now? That’s actually going to hurt the economy.’”
He added that the recession is “gratuitous” because if he could convince Congress that we need a jobs creation program it “would all be over.”
Well, doesn’t that just make you want to scream?