Friday, April 6, 2012

Layoffs Make People Unemployed

Regardless of what he said, Reagan knew that a huge demand slump needed a huge growth in government spending, so between inauguration and his "Morning in America" ad, Government spending rose by nearly 30%.

Mark Thoma sends us to a picture that shows, in a nutshell, why this recovery has sucked so much: government  has been laying people off.

Economic Policy Institute

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