(2 pm. – promoted by ek hornbeck)
Cross posted from The Stars Hollow Gazette
The US economy is stagnating and all that our elected officials are fixated on is reducing the deficit and debt with more spending cuts at a time when the government should be investing in this country to help produce jobs. Nobel Prize winning economist and New York Times columnist/blogger, Dr. Paul Krugman has explained that austerity measures in this sluggish economy will only further the pain with more job losses and increase the likely hood of a second recession.
MSNBC’s Chris Hayes, host of Up with Chris Hayes, sat down with Dr. Krugman for a fascinating one on one conversation about the president’s latest bid to delay the looming sequester cuts and why there is a difference between “Macro-economics 101” and what policy makers in DC are talking about. They also discuss the banking crisis and the continued divergence between profits and wages.
2 comments
Author