New York Times Editorial, "The Worst Time to Slow the Economy": Brain Dead

In yet another catastrophic attempt at providing economic guidance, the editorial board of The New York Times in "The Worst Time to Slow the Economy" (http://www.nytimes.com/2011/07/10/opinion/sunday/10sun1.html?ref=opinion) blames the Republicans for cutting spending notwithstanding Friday's dismal unemployment report. The editorial concludes by calling upon the president to find a way to put Americans back to work:

"There is still time for the president to insist that the debt talks include a substantial program to put people to work now, while reducing the deficit over a longer period. To do otherwise is to ignore Friday’s ugly reality."

I would observe:

1. Any attempt to establish a meaningful program to create employment within the space of a week would be specious. This should have been done long ago by Obama.

2. On March 16, 2006, a Democratic senator named Barack Obama opposed George W. Bush’s request to raise the debt limit, declaring: “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Enough said.