#ActInTimeDEADLINETime left to limit global warming to 1.5°C 4YRS102DAYS10:12:37 LIFELINEWorld's energy from renewables14.801600560%World’s largest wildlife crossing takes shape in Los Angeles | England’s urban and rural trees mapped for first time | Drive for electric vehicles is cleaning up Nepal | How solar is helping African farmers beat drought and diesel | Lawyers turn to pro bono work to drive climate solutions beyond the courtroom | New strategy launched to protect Tanzanian biodiversity hotspot | Innovators battling wildfires with AI, drones & fungi get $50k grants to scale up | Offshore wind turbines may offer new habitat for key fish species | Pittsburgh airport thwarts outages & cuts costs by generating its own power | New Mexico moves to protect workers from extreme heat with proposed rules | World’s largest wildlife crossing takes shape in Los Angeles | England’s urban and rural trees mapped for first time | Drive for electric vehicles is cleaning up Nepal | How solar is helping African farmers beat drought and diesel | Lawyers turn to pro bono work to drive climate solutions beyond the courtroom | New strategy launched to protect Tanzanian biodiversity hotspot | Innovators battling wildfires with AI, drones & fungi get $50k grants to scale up | Offshore wind turbines may offer new habitat for key fish species | Pittsburgh airport thwarts outages & cuts costs by generating its own power | New Mexico moves to protect workers from extreme heat with proposed rules |

Nov 2, 2010

We Are So Fucked

From Paul Krugman's piece in NYT:
So the moralizers are winning. More and more voters, both here and in Europe, are convinced that what we need is not more stimulus but more punishment. Governments must tighten their belts; debtors must pay what they owe.
The irony is that in their determination to punish the undeserving, voters are punishing themselves: by rejecting fiscal stimulus and debt relief, they’re perpetuating high unemployment. They are, in effect, cutting off their own jobs to spite their neighbors.
But they don’t know that. And because they don’t, the slump will go on.
Labels:

1 comment:

  1. Anonymous11/03/2010 6:21 AM

    Not that I'm a fan of Paul Krugman, but the gist of what he's saying is correct. I'm a bigger fan of Cullen Roche. Here's his take:

    http://pragcap.com/election-results-big-win-gop

    Pray the Republicans get their way and the Bush tax cuts are extended. It is fiscal stimulus in disguise and the only likely stimulus we'll get out of the new Congress. Hell, maybe they'll even add to them. Now that would help Main Street.

    ReplyDelete

Subscribe to: Post Comments (Atom)