Liberals have reason for concern

Dear Friends,

In light of today's terrible jobs report - net gain of 18,000 jobs and an increase in the unemployment rate to 9.2%, it is clearer than ever that we need a large federal stimulus to get this economy going and adding jobs.  Unfortunately, President Obama has bought into the Republican narrative that the deficit is the most important issue to address. 

There are two articles that say it all in The New York Times today and that you should read.  The first is an editorial entitled "Negotiating on a Knife's Edge" (here).  The editorial addresses the ridiculousness of the approach to the debt ceiling being taken by President Obama and the Republicans.  The second is an op-ed piece by Paul Krugman entitled "What Obama Wants" (here).  You should read the entire piece but here is just one paragraph:

But let’s be frank. It’s getting harder and harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right. In fact, if all you did was listen to his speeches, you might conclude that he basically shares the G.O.P.’s diagnosis of what ails our economy and what should be done to fix it. And maybe that’s not a false impression; maybe it’s the simple truth.

Thanks for reading and please comment,
The Unabashed Liberal