The safety net and the recession

By Lawrence Mishel
October 8, 2009

"Some claim somehow that the recovery package isn't working by simply pointing to continued job losses. I consider this peculiar, especially from those who favored the policies that actually caused the recession to begin with," EPI President Lawrence Mishel said in testimony to Congress on October 8, where he proposed a five-part strategy for creating and preserving jobs, and stressed that the causes of today’s high unemployment pre-date President Obama.

"I consider President Obama to be in the situation of having inherited a burning apartment building. He proceeded to gather all the available fire trucks and douse the fires in half the floors. Yet his critics complain that the other floors are still on fire. Even worse, those critics are the ones who started the fire. And they want to withdraw the fire trucks."