BOOMERBUSTER

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Monday, October 31, 2011

RE KRUGMAN BOMBS BRIDGES AND JOBS NYT TODAY

He makes some good points here.


However, 


because of how things have gone, past 50 years, and how the US jobs market and hollowed out industrial system sits, 


his position that a jobs program would 'work' has to mean work in the very weak, now, traditional Keynsian sense, 


a sense no longer that doable in a globalized world.


By itself, it is hardly a prescription for economic nationalism and redevelopmentalism needed now.


Term search: weasel.

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