Wednesday, June 08, 2011

How you can tell Washington doesn't care about jobs

Ezra Klein wrote last week, How you can tell Washington doesn't care about jobs "The best evidence that Washington has forgotten about the jobs crisis is to look at the plans emerging to address it. Yesterday's House GOP plan was a perfect example. It was, as MIT economist David Autor told me, a classic case of "now-more-than-everism": Everything on the agenda was also on the GOP's agenda in 2006, in 2002, in 1987, etc. It's lower taxes, less spending, fewer regulations, more trade agreements, more domestic oil production. You can argue about whether these proposals are good for the economy. But as Autor says, there's "no original thinking here directed at addressing the employment problem.""

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