Never mind the Republicans. They’re not serious people. Somebody needs to ask Barack Obama to explain how cutting Social Security is going to create jobs.
Paul Krugman makes a good point this morning:
People have asked me why the president’s economic advisers aren’t telling him not to believe in the confidence fairy — that is, not to believe the assertion, popular on the right but overwhelmingly refuted by the evidence, that slashing spending in the face of a depressed economy will magically create jobs. My answer is, what economic advisers? Almost all the high-profile economists who joined the Obama administration early on have either left or are leaving.
Nor have they been replaced. As The Wall Street Journal recently noted, there are a “stunning” number of vacancies in important economic posts. So who’s defining the administration’s economic views?
Tim Geithner and Gene Sperling, I guess. The Wall Street Twins. Scary.