Commentary Magazine   Demand-side vs. Supply-side  Here’s a post
from Robert Reich, who was Bill Clinton’s Labor Secretary, and
is a union sympathizer and all-around nice guy.  Reich’s thesis
is very simple. He says that the economy is now in a depression,
with the “fully loaded” unemployment rate (including people who
have stopped looking for work and people working part-time) at
15.6%. The top unemployment rate in the Great Depression was
25%.  Reich’s prescription is equally simple. The government has
to spend far, far more than it has been. Like Paul Krugman, he
faults Obama not for being a radical, but for not being radical
enough. Obama, in other words, needs to spend more.  Spend on
what? All the same stuff you’ve been hearing about. Solar panels
and windmills. Universal health care. Public transportation
systems. Reich, refreshingly, goes the full Keynesian mile and
speaks what others have merely fantasized about: he also wants
to put Americans to work weatherizing other people’s homes and
building mo