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A cursory read of the morning’s news reveals that the White House wants BP to pay the salaries of laid off employees who will remain laid off thanks to a six month moratorium on drilling that the White House is itself imposing. Follow the logic on that one
Meanwhile, the NYT editorializes that what the US needs is more, not less, government spending in order to spur further job creation. This notwithstanding that the goo-gobs of money the government has blown through so far has spurred growth primarily in the public sector while the unemployment rate climbed toward double digit territory.
Oh yes, and the Wall Street Journal’s survey of 53 economists reveals expectations of a sluggish economy with continued unemployment problems. This forcast made possible by the hopey changey people who remind you that they are more competent stewards of your earnings than you.