Blog Archive

Blog Archive

Monday, January 24, 2011

postheadericon Joe Stiglitz, Paul Krugman, Simon Johnson, Robert Reich: The liberals were right

The Obama stimulus created jobs, but not enough jobs and not fast enough. The charges from the Republican right are clearly wrong. Even most serious conservative economists who did not like the stimulus agree it created some jobs, and more jobs than would have been created without it.

The economic advocates who were the most clearly right, in retrospect, were Democratic liberal and populist economists who favored a larger and stronger stimulus, more job-creating public works in a larger overall stimulus and far stronger reform of financial institutions.

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