YAIA, on Video!
Oct 31, 2011 at 1:32 pm
Here’s the second installment in OTEs cool new video feature…it’s YAIA on video. See what you think.
(Thanks to Michelle for hosting and the production team for banging this out!)
2 Responses to “YAIA, on Video!”
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About
Jared Bernstein’s areas of expertise include federal and state economic and fiscal policies, income inequality and mobility, trends in employment and earnings, international comparisons, and the analysis of financial and housing markets.
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A couple years ago Paul Krugman did a column on 50 Hoovers, referring to state governments that, due to balanced budget requirements, were doing essentially austerity programs with their own budgets. This situation would in essence negate the stimulus, or any other federal government expansionary economic program.
Is anyone studying what’s happened at the state level since 2008? Have any states bucked this trend?
I had a front row seat 2009-10 as a member of the Democratic majority in the NH legislature, when we very assiduously applied the stimulus money. The current Republican super majority has taken the opposite tack, even cutting taxes, now that the stimulus has run its course. Our unemployment rate, dropping from Dec. ’09 till May ’11, has now started back up, much a direct result of state government cuts.
Well done! Thanks to both of you (and the rest of the CBPP team). Any chance Michelle is also MB, the famous guest blogger on Friday Musical Interlude?