A Question of Timing
May 09, 2012, 2:00am

Republicans don’t want to spend money to strengthen the economy, but we have to. The people need it , children need it, our infrastructure needs it, and the economy needs it . FDR spent money to pull our country out of the Great Depression. It will work again and it’s the only way to get people back to work.

Please read the below excerpt from Robert Reich’s article, “A Question of Timing,” which speaks to this point:

But [David Cameron] also has an important audience in the United States, where Republicans are trying to sell a toxic blend of trickle-down supply-side economics (tax cuts on the rich and on corporations) and austerity for everyone else (government spending cuts). That’s exactly the opposite of what’s needed now.

Yes, America has a long-term budget deficit that’s scary. So does Europe. But the first priority in America and in Europe must be growth and jobs. That means rejecting austerity economics for now, while at the same time demanding that corporations and the rich pay their fair share of the cost of keeping everyone else afloat.

President Obama and the Democrats should set a clear trigger – say, 6 percent unemployment and two quarters of growth greater than 3 percent – before whacking the budget deficit.

And they should set that trigger now, during the election, so the public can give them a mandate on Election Day to delay the “sequestration” cuts (now scheduled to begin next year) until that trigger is met.


Robert Reich is Chancellor’s Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He has written thirteen books, including “Locked in the Cabinet,” “Reason,” “Supercapitalism,” “Aftershock,” and his latest e-book, “Beyond Outrage.” His ‘Marketplace’ commentaries can be found on publicradio.com and iTunes.