Thursday, August 18, 2011

The Two Step

As we're nearing yet another pivot to jobs, it's worth noting that crazy hippies warned that the jobs/deficit two-step was going to be very difficult. The powers that be thought the green shoots were here, that the jobs were going to take care of themselves, then they'd be deficit heroes as the economy turned around. It's always 1995 in other words.

I'm for anything and everything to help stimulate the economy short run, but potentially tying it to catastrophic long term spending cuts isn't really going to please people.