Tuesday, October 06, 2009

Stopped Clock Watch ... Kinda ...

clipped from www.nytimes.com
The big question on the domestic front right now is whether President Obama understands the gravity of the employment crisis facing the country. Does he get it? The signals coming out of the White House have not been encouraging.

The Beltway crowd and the Einsteins of high finance who never saw this economic collapse coming are now telling us with their usual breezy arrogance that the Great Recession is probably over. Their focus, of course, is on data, abstractions like the gross domestic product, not the continued suffering of living, breathing human beings struggling with the nightmare of joblessness.

The master in this area, of course, was Franklin Roosevelt. His first Inaugural Address was famous for the phrase: “The only thing we have to fear. ...” But he also said in that speech: “Our greatest primary task is to put people to work.” And he said the country should treat that task “as we would treat the emergency of a war.”

... well not really but it's as close as you'll ever come with Bob Herbert. But by the end he lapses into how we need need FDR's war urgency again. But brilliant Bob seems to forget that FDR did finally use a war to get us out of the depression. Somehow that didn't make it into the jack-ass history books.