“The Angry Rich” by Paul Krugman (TIMES, 9/20/10)


          The best way to deal with “the angry rich” is to pay more attention to the plight of the much more numerous unemployed and acknowledge that the current economic downturn is in fact a depression.

          Too many people are blind to the actual employment situation, some even accepting the official unemployment rate of 9.6%, which enables them to deny the urgency of finding a solution quickly.

          The United States needs a massive federal jobs program NOW that will not only relieve the misery of working people but will also stimulate the economy. 

          Obama should announce his intention of implementing such a program right after the release of the unemployment report next month. It is what’s needed and it could win the off year election for the pathetic Democrats.

          To hell with the whining of the angry rich!

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