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.”
Permissions in this forum:You cannot reply to topics in this forum