(Cross-posted at Winning Progressive)
Right now the disconnect between Washington’s political-media class and the American people is astounding. Somehow in the midst of this economic catastrophe, the conversation steered away from fiscal stimulus and job creation to deficits and spending cuts. Meanwhile, millions of unemployed and underemployed Americans continue struggling to make ends meet.
Along comes Nobel Prize-winning economist and New York Times columnist Paul Krugman with his new book “End This Depression Now!”. Since 2008, Krugman (and a few other courageous individuals like former Obama economic adviser Christina Romer and economist Joseph Stiglitz) has been a voice in the wilderness calling for bigger and bolder government intervention to stimulate job growth while political leaders on both sides of the Atlantic fail to meet the challenge of this economic crisis with timid half measures and awful austerity. In America, the Republican Party is ruled by anti-government hysteria and free-market fundamentalism.
