Something sinister must be happening over at Murdoch’s Wall Street Journal (could it have to do with the ongoing criminal investigation in the UK?). Somehow they’ve allowed the truth of the past year’s government spending cuts to be written in one of their official WSJ economic analysis blogs. Without layoffs in local governments (eg, teachers, firemen, police officers, and other vital public services), the unemployment rate would be a full percentage point lower than it is today, at 7.1%.

via Daily Kos: Even the WSJ admits it now: Austerity has harmed the US economy.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s