Robert Reich has it correct. He reiterates much of what we said in this post. Jobs will be created at a faster rate when consumers buy more stuff. It's a virtuous cycle. Moreover, austerity and the "fiscal cliff" will sink us into recession, leading to less spending and fewer jobs. That's an un-virtuous cycle.
In a related story, are you wondering why the R's keep coming back to the fiscal policy of their demigod, Ronald Reagan? Business Insider also has a great post by Joe Wiesenthal explaining why Romney has no answers for unemployment, because his retread of trickle-down policy won't help in the current market conditions. The Reagan years are over. These are not the same economic conditions that we faced in the 80's faced, and a tired retread of that policy won't help us.
Think about that before you head into the voting booth this Fall.
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