And he worries that people are now complacent since we're in a "recovery" from the recession. A recovery, Krugman notes, that will still have the unemployment rate above 8% in 2012.
Why is this considered OK, as opposed to desperately requiring action? Bear in mind that the predicted unemployment rate in 2012 — 2012! — is higher than the rate that let Bill Clinton run on “it’s the economy, stupid”.Unfortunately, the Democrats failed to brand the Republicans as wasteful spenders during Bush's 8-year disastrous reign - something the Republicans did to the Democrats in less than a year since Obama became President. So now we have no money for a very rainy day, and at the same time, Democrats were afraid, and remain afraid, of passing the kind of stimulus that's really needed. Hell, the Dems even let the Republicans brand the stimulus as failed and not creating a single job. So good luck passing a second.
Where do we find these people?
