Normative Narratives

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Economic Outlook: Jobs, Spending v. Austerity, And Obama In Mexico

Hey All,

Finals week began for me today, so I do not have time to do a blog post today (we’ll see about tomorrow, and Next Thursday is also in question)

Some interesting econ news from the usual sources:

Paul Krugman writes on the implications of not having enough inflation on fiscal / monetary policy and economic recovery. This piece goes nicely with last weeks NN Economic Outlook.

There are plenty of pieces on the Jobs report out there. I have learned not to read to much into it, but some people are paid to do that and do a good job of hypothesizing potential causes and effects of changes / trends in the report.

Obama goes to Mexico, only days after the U.S. was rebuffed on the drug front,  and talks about the economic interdependence between the US and Mexico: After a dinner Thursday night with President Enrique Peña Nieto, Mr. Obama told the gathering “we agree that the relationship between our nations must be defined — not by the threats we face — but by the prosperity and opportunity we can create together. And if we are serious about being equal partners, then both our nations must recognize our mutual responsibilities.’’

“We understand that the root cause of much of the violence here — and so much suffering for many Mexicans — is the demand for illegal drugs, including in the United States,” Mr. Obama said. He also said most of the guns that are used to commit violence in Mexico come from the United States.

“I will continue to do everything in my power to pass common sense reforms that keep guns out of the hands of criminals and dangerous people that will save lives in both our countries,” he said to applause.”

Sounds like he’s putting the spotlight on the U.S. congress to pass the U.N. Arms treaty which addresses human rights violations causes by arms trade.


When this guy Obama gets lemons, he makes lemonade huh? I guess he’s had a lot of practice dealing with lemons in his first 5 years in office.


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