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Home Publications Blogs Beat the Press The Sequester Can Be So Inconvenient!

The Sequester Can Be So Inconvenient!

Wednesday, 24 April 2013 04:02

I have had plenty of occasions to criticize the editorial views of both the NYT and the Washington Post, but there are major differences between these two pillars of the national media. It would be hard to find a better statement of these differences than the Times and Post's view of the impact of the sequester on air travel.

One could also add that the sequester is throwing around 600,000 people out of work according to the Congressional Budget Office. These are people who have the necessary skills to fill jobs in the economy but who will not be working because people in Washington lack the skills to design policies to keep the economy near full employment.

Comments (7)Add Comment
Oh Happy Day, America is on the Rebound: Dean Baker Fired for Lack of Skills
written by Last Mover, April 24, 2013 5:42
The sequester also has secondary multiplier effects that force reductions in other jobs. Take occupational satirists like Dean Baker for example who mock the media with a vengeance, suggesting that federal workers in DC were laid off because their skills were suddenly discovered to be structurally incompatible with their job requirements to maintain full employment.

Imagine the cheers and applause erupting the day Dean Baker gets laid off because there's no one left to mock due to a return to full employment, income and wealth equality based on actual productivity, and elimination of obscene market and political power by the 1%.

Oh wait, the media would claim it was due to the success of austerity and overcoming the failure of Keynesian socialism, all the while screaming hysterically about all those jobs lost from spending cuts.

Looks like Dean Baker wouldn't be fired after all. Even in the best of times the media is cursed with a mismatch of observation skills between what's actually happening versus what is reported on why and how it's happening.
written by Kat, April 24, 2013 6:19
How do you know these laid off workers have the necessary skills to fill jobs in the economy? Have you done your due diligence? Until I see what Jeffrey Immelt or a similarly civic minded and patriotic job creator has to say, I'm not convinced.
written by Chris Engel, April 24, 2013 7:05
The only thing lacking for people getting jobs is the appearance of green pieces of paper and entries in a digital spread sheet to get people to go out and do the work...

Politicians need to get their heads out of their asses and stop acting like we're on the gold standard and that we need to go dig up money. They need to get serious and put out a fat stimulus to fix this up and establish better estate taxation and reduction of inequality.

Last Mover,

You're like the progressive version of Dennis Miller of economics blog commenting.

But your joke about the media's spin reminds me of the story of UK Finance Minister Osbourn, who was using the UK's AAA rating (when they had it) as proof that his austerity policies were working. Then, when the UK was downgraded, he says "see! it's just proof that we need MORE austerity!"

It's truly sociopathic what these incompetent politicians are doing in EU and US.

I even saw on MSNBC the other week a segment where they were saying "hey, what happened to all the pain from the sequester? was Obama lying?" -- duhhh, it's like they don't understand in the retarded millenial style that pain economically won't just show up in a chart overnight market crash when it's slow painful soul-destroying austerity.
Adding to the unemployment disaster
written by Conelrad, April 24, 2013 2:39
See this graph http://rwer.wordpress.com/2013...tion-rate/ and my comment below it.
Pls Stand Up
written by James, April 24, 2013 3:34
Thanks for being the voice for the voiceless; the face for the unemployed; and soul for folks who have none.
written by Hepion, April 24, 2013 10:10
There is complete disconnect of policies that are supposed to cure unemployment from policies that are causing the unemployment.
But do they get paid while they're waiting in line?
written by Benedict@Large, April 25, 2013 1:18
A friend is in DC this week doing some environmental activism. Upon arriving (on time) for his appointment with a Congressional staffer Wednesday, he was told that unfortunately, the staffer would be a good bit late. The reason? Due to the sequester, the Capitol has closed all doors but one that the staffers use to get in. The staffer my friend was to see was indeed at the Capitol at the appointed time; he was simply stuck in a long waiting line of staffers trying to get to in.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.