Investing in America
Paul Krugman has more depressing news about the economy. He offers a prescription to start a recovery that would not survive John McCain's insistence on a spending freeze:
[T]here’s a lot the federal government can do for the economy. It can provide extended benefits to the unemployed, which will both help distressed families cope and put money in the hands of people likely to spend it. It can provide emergency aid to state and local governments, so that they aren’t forced into steep spending cuts that both degrade public services and destroy jobs. It can buy up mortgages (but not at face value, as John McCain has proposed) and restructure the terms to help families stay in their homes.
|< Obama at Springsteen-Joel Fundraiser: Don't Get Over-Confident | The Nader Factor >|