unemployment

"In these tough times, Americans are tightening their belts—and their government needs to do the same." This bipartisan applause line is pithy, full of populist empathy and easy to understand. It's also exactly wrong.
July 21, 2011

The glory of American politics is that voters get to "throw the rascals out"—whether or not they understand who the rascals are or the nature of the crisis the nation is in. Very little could have done by any government during this worldwide economic slowdown to address the high unemployment, except more government stimulus, which is what voters say they don't want.
November 5, 2010

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