The Professor (my emphasis):
The truth is that creating jobs in a depressed economy is something government could and should be doing. Yes, there are huge political obstacles to action — notably, the fact that the House is controlled by a party that benefits from the economy’s weakness. But political gridlock should not be conflated with economic reality.And his list of those excuses (read for the explanations):
Our failure to create jobs is a choice, not a necessity — a choice rationalized by an ever-shifting set of excuses.
Excuse No. 1: Just around the corner, there’s a rainbow in the sky.None of those excuses is remotely true, as his article explains. Most are 180 degrees wrong.
Excuse No. 2: Fear the bond market.
Excuse No. 3: It’s the workers’ fault.
Excuse No. 4: We tried to stimulate the economy, and it didn’t work.
But I'm saving my fire (and his) for the conclusion:
Listening to what supposedly serious people say about the economy, you’d think the problem was “no, we can’t.” But the reality is “no, we won’t.” And every pundit who reinforces that destructive passivity is part of the problem.The "we" is pretty much everyone, including the administration.
"No we won't" — that pretty much says it. Or, in the vernacular, he's just not that into you. (More on that here.)
GP
