“Austerity, including sequestration, is the economic version of medieval leeching.”
—Jared Bernstein, in a New York Times op-ed from May 3rd
In which case, we might as well just go ahead and appoint this guy to run the federal reserve.
By the way, Bernstein’s ideas about how to stimulate more job growth in the U.S. are worth reading if you are interested in such things. He’s following up with some Q&A’s on the subject over at his blog, starting with this post.