The iPhone 5 and the 99ers
From Paul Krugman in today's NY Times - The iPhone Stimulus
"We don’t have high unemployment because Americans don’t want to work, and we don’t have high unemployment because workers lack the right skills. Instead, willing and able workers can’t find jobs because employers can’t sell enough to justify hiring them. And the solution is to find some way to increase overall spending so that the nation can get back to work."
It's why we want the American Jobs Act. It's why we want infrastructure bills. It's why we want businesses to use the trillions of dollars of cash they're hoarding. We want - we need - to get back to work.