Friday, April 6, 2012

Quotation for Today: American Jobs and Republican Bullying

The employment report for today shows the economic policies of the Obama Administration  -- the stimulus established in March of 2009 -- are still creating a steady growth in jobs. According to an April 2012 article by the Center on Budget and Policy Priorities, four million private-sector jobs have been created over the last 25 months.  

Now, and as the quotation for today highlights, the Obama Administration has been "swimming" against a horrific and unpatriotic Republican current of obstructionism and bullying that has thwarted job creation. This Republican obstructionism and bullying are being done for the sake of political gain for the Republican Party.
"Attacks on Ben Bernanke by Republicans, [former Fed Chairman, Alan Greenspan] told The Financial Times, are 'wholly inappropriate and destructive.' He’s right about that ...."
Paul Krugman
Paul Krugman, Nobel Laureate (Economics), author and teacher, writes in his New York Times column about the Republicans' bullying of the Federal Reserve Chairman, Ben Bernanke, and how that bullying has resulted in weaker than needed monetary policy.

The inadequate monetary policy of the Federal Reserve is hampering the economic recovery.  This diminished monetary policy of the Federal Reserve combined with Republican obstructionism and the continued cutting of public-sector jobs -- mainly by Republican governors -- are the main culprits causing this economic recovery to be slower than previous recoveries.

Professor Krugman's column and the information provided in the related information section will give the reader a factual look at the true impediments to a faster economic recovery.

Krugman, Paul. "Not Enough Inflation." The New York Times 5 April, 2012: online edition.

Related information:

Konczal, Mike and Bryce Covert. "Red States See Massive Public Sector Job Losses." The Nation 27 March, 2012: online edition.

"Chart Book: The Legacy of the Great Recession." Center on Budget and Policy Priorities 6 April, 2012.

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