The author shows a clear use of picking only the facts (some are not facts, but assertions) that support his argument. Trickle down economics and reduced regulation do not work, as proved by the last 8 years. Suggesting that only those at the top should benefit from the bailout, as they create the jobs, is laughable at best. In addition, asking to increase immgration because they need the additional workers is an outright lie. The only reason to increase immigration is to further depress wages. The author also claims, using last quarters data, that the economy is strong and not in a recession. Unfortunately, the treasury has officially labled the US economy as already in a recession and headed for worse. As an ... More »

Another academic's assessment of the economy and prescription for avoiding another depression -- this time from a conservative. If one accepts the author's premises ( e.g., that the economy is basically healthy based on averages over time, that the most productive members of society, those making over $250K per year, must be protected and that debt is positive), the arguments are well made. It is also interesting to note in comparing this assessment to the assessment of others such as Bernanke that the lessons from the Great Depression depend on on the student's ideology.