Paul Krugman asks an interesting question: “Where’s my Boehner boom?”
If fear of future regulations and taxes is holding business back, as everyone on the right asserts, why didn’t the Republican victory in the midterms set off a surge in employment?
After all, if you really believed that fears of Obamanite socialism were the key factor depressing employment, the GOP victory — with the clear possibility that the party will take the Senate and maybe the White House next year — should greatly reduce those fears. So, where’s the hiring surge?
Oh, come on, Professor, get real. No hiring surge is going to happen until Obama and Dems actually agree to do it the Republicans’ way in policy terms.
No hiring surge will happen until that job killing stimulus spending winds down; until Dems allow Republicans to extend the Bush tax cuts on the rich; until Dems agree to deep cuts to Federal programs; until municipal governments are forced to cut back and fend for themselves; until Dems embrace the notion that government must tighten its belt to restore business confidence; and until Dems begin seriously basing their policy response to unemployment on the conservative idea that if we only reduce the deficit, a thousand economic flowers will bloom. Only then will we see the surge in employment we’re all waiting for.