Never mind Medicare. What about the economy? – 2012 Elections – Salon.com

25 May

We’re not talking double-dip recession yet, but the warning signs are too numerous to ignore. It’s difficult to see how the modest gains in the labor market we’ve seen over the last six months can continue if jobless claims remain elevated and GDP growth continues to slacken.

But ignoring the problem is exactly what both the White House and Congress appear to be doing. There are absolutely no plans afoot to address unemployment or slowing economic growth. The notion that sharp cuts in spending will spur growth is absurd — Europe’s austerity binge offers the most obvious counter-example.

via Never mind Medicare. What about the economy? – 2012 Elections – Salon.com.

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