Obama should turn a deaf ear to those who are calling for fiscal responsibility. He should keep pouring money into jobs and into the pockets of people who will spend until the unemployment rate begins going down and wages begin going up.Ironic that Richard Nixon was accused of acquiescing in wage and price controls while pressuring the Fed to keep credit and money flowing in the run-up to the 1972 election, boosting employment but causing inflation in the years that followed, especially after the controls were lifted. If Nixon manipulated the economy to stay in office, it was so he could end the Vietnam war and consolidate his course-changing policies toward China and the Soviet Union. Judis wants Obama to hand out government jobs so he can win another term and make government even bigger.
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