Skip to main content

View Diary: Job growth clocks in at disappointing 120,000, far below forecasts. Unemployment rate falls to 8.2% (167 comments)

Comment Preferences

  •  I think Krugman was right when he said that we (3+ / 0-)
    Recommended by:
    Odysseus, wsexson, Meteor Blades

    need a bit of inflationary policy. Right now, the inflation is about 2% and corporations and small and medium companies are still kind of shackled by the overhang of the debt that they accumulated during the crazy years, and which is keeping them from hiring (just look at productivity and hiring and you see a mismatch). A bit of inflation would devalue that debt and could trigger private sector hiring.

    What we certainly don't need now is controlling inflation (crazy right wing talk) and austerity policies as in the Ryan plan. If you want to see what austerity policies do look at Spain, Ireland, Italy, and France--unemployment rates that are 20% (for Spain and Ireland) and growth rates that are hovering around 0% for France and Italy.

    Don't give a damn a/t each & every politician currently alive in the US. Last time i voted for the top part of the ballot was 1972. Never missed SB elections

    by Mutual Assured Destruction on Fri Apr 06, 2012 at 09:10:45 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site