January 28, 2010

IT'S A QUEER SORT OF "PRAGMATISM"...:

Economists: Jobs fix won't be quick (JEANNE CUMMINGS, 1/27/10, Politico)

“He’s trying to turn his microeconomic policies into some macroeconomic solution. He’s grasping at straws,” said Peter Morici, an economist at the University of Maryland.

"We are just going to have to ride this out over the next six months. If things don’t get better in trade with China, we aren’t getting out of this,” he added.

Gus Faucher, director of macroeconomics at Moody’s Economy.com, is not so negative, but he’s not exuberant either.

“I think the package will make a difference around the edges,” Faucher said. “But, at the end of the day, it will take a strong economic expansion to get job growth going again.”

And Anne Kim, the economic program director for The Third Way, a moderate Democratic think tank, said the White House really isn’t trying to secure a near-term boost in jobs.

“There is only so much anyone can do about the unemployment rate, and it’s largely out of the government’s control,” said Kim.


...that persistently embraces policies we know don't work. A genuine pragmatist would be resorting to free trade, free immigration, and tax cuts instead.

Posted by Orrin Judd at January 28, 2010 2:52 PM
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