It happened just now.
I’m sitting here trying to write something about some idiotic sayings in the media and I just don’t care.
From Forbes on why companies don’t hire. Point number 1 without a single word about Obamacare and 2013/2014.
Policymakers have several theories about what it would take to get companies to hire:
Reduce uncertainty. The idea here is that businesses are not hiring because they are not confident about the future. If this were true, business would never hire because there is nothing certain in business — regardless of the state of the economy. When business executives make decisions, they analyze different scenarios and guess the odds of each. Blaming the President for uncertainty may be good politics, but it’s silly economic policy.
Ezra Klein making certain you know that your money is actually “our” money and equating the word “stimulus” (yes, it’s been co-opted) to “spending”.
Around the same time, Rep. Paul Ryan (R-Wis.) held a hearing in which he invited Kevin Hassett, a conservative economist based at the American Enterprise Institute, to make the case for a fiscal stimulus. “The economists who studied this were quite surprised to find that fiscal policy in recessions was reasonably effective,” Hassett testified. “It is just that folks tried a first punch that was too light and that generally we didn’t get big measures until well into the recession.”
Ryan was delighted by his answer. “That is precisely my point,” he replied. “That is why I like my porridge hot. I think we ought to have this income tax cut fast, deeper, retroactive to January 1st, to make sure we get a good punch into the economy, juice the economy to make sure that we can avoid a hard landing.”
Ezra Again…neither column is labeled under the opinion section of the online Washington Post.
Politicians all over the world are finding themselves stuck in the same vise: The policies needed to help the economy now, like spending in America and further fiscal integration in Europe, are unpopular. Pass them and you might lose your job. But letting the economy worsen is also unpopular. Let that happen and you will lose your job.
So governments around the world have tried to walk the middle path. In America, we had a stimulus that was bigger than anything we had seen before, but still only a half-to-a-third of what was needed to close the output gap. The result? No depression, but a prolonged period of high unemployment. In Europe, there has been more fiscal integration than the world ever imagined possible, but it has not been enough to actually solve the continent’s debt crises — or the various governments’ political problems.
Nothing makes sense. It’s sad to be burned out at the official start of the election year and a half….