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On ABC's "This Week", Krugman warns not to celebrate last week’s unemployment data

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On ABC's "This Week", Krugman warns not to celebrate last week’s unemployment data

Post by Guest on Mon Apr 04, 2011 10:28 am

Krugman was not optimistic about policymakers willingness to do anything going forward to improve the jobs picture.


“I would just say that the aftermath of a terrible financial crisis — this was the worst financial crisis since the 1930s, is always a prolonged period of weak growth,” Krugman said. “And the tragedy is that Washington has given up on the jobs picture. It’s not a failure of policy. I think the policy were undertaking made things less bad than they would have been but here we are still with a terrible unemployment rate, 37 weeks the averaged unemployed person is unemployed. And no interest in Washington about doing anything that would create jobs.”

http://dailycaller.com/2011/04/03/krugman-warns-not-to-celebrate-last-weeks-unemployment-data-its-still-terrible/



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