excerpt from- NYTimes.com 
(plus my outraged opinion)
Many Republicans follow the more fiscally conservative University of Chicago School, which argues that Keynesian stimulus can’t heal a sick economy — only time can. Chicagoans believe that economies can only truly recover on their own and that policy interventions only slow the recovery. It’s a puzzle of modern politics that Republicans have had electoral success with a policy that fundamentally asserts there is nothing the government can do to create jobs any time soon.
Of course, Romney, Perry, Herman Cain and the rest won’t come out and say, “If elected, I will tell you to wait this thing out.” Instead, Republican candidates fill their jobs plans with Chicagoan ideas that have nothing to do with the current crisis, like permanent cuts in taxes and regulation. These policies may (or may not) make the economy healthier in 5 years or 10, but the immediate impact would require firing a large number of America’s roughly 23 million government workers.
(which sounds good but it wouldn't be idiot flunkies who spend all their time snorting coke and banging hookers.  It would be safety regulators and border guards. Our safety would become purely a matter of bribery.)
How bad might that be? The U.K., as part of its austerity measures, is in the process of firing about a half-million government workers under the notion that the private sector would be so thrilled by low taxes and less regulation that it will expand and snatch up all those laid-off public servants. But this plainly isn’t happening. The British economy continues to grow slowly, if at all, and few former government workers have found new jobs in the private sector.
(WE NEED REGULATION. Are people so goddamned stupid they don't realize the housing crisis was caused by LACK OF REGULATION? The kids dying from e-coli infested meat-LACK OF REGULATION, the millionaire hiding money in the Caymans so they don't have to pay taxes but everyone else does, LACK OF REGULATION. WTF People!!! Rules are not always bad. 
How, about stop your fucking irrational profiling patdowns, restore our first and fourth amendment, start regulating the Goddamned slumlords before America becomes Calcutta, tax the motherfucking churches because they are nothing but organized crime, money laundering sheep controlling brainwashing factories...It's so ridiculous what some people will fall for because they are too lazy to just think a little about consequences. 

I've done it myself in the past, I am sorry to say. I'm awake now and I will never do it again.)
Keynesians and Chicagoans, however, do agree on two important points. First, in economics, unlike politics, there’s no middle ground: You can’t simultaneously cut and increase government budgets. The only shot we have at truly transforming our economy is a one-party sweep in the 2012 elections that would lead to radical legislative changes. Still, either path — lots more debt or lots of fired government workers — will only inflame more Americans.
The second area of agreement is the most important: an economy is truly healthy only when its people know how to make and do things that others will pay them a decent amount for. Jobs, in other words, are not the cause of a healthy economy; they’re the byproduct. And that’s another thing most national politicians know but will never say.

(That means education is important. Bush fucked education in the rear. Republicans do not like education. Smart people are not churchgoers. Republican is now synonymous with religious zealot. There is nothing rational about their agenda. They have fused church and state. The dumber we are, the easier to control we are. Slaves, and women were forbidden to read. Why is that?)



So perhaps instead of (or, at least, in addition to) arguing over plans that aren’t going to happen, we should focus on what almost certainly will come true. The economy that emerges from this recession is going to be different. Without the distortion of a credit bubble, it is clear that far too many Americans don’t know how to do anything that the world is willing to pay them a living wage for. No economic theory offers them easy salvation.
We don’t need to become a nation of app designers. An economic downturn is a great time to learn things — carpentry, say, or aerospace engineering — that others will eventually pay for: high-school dropouts should get their degrees and a year of specialized training; high-school grads who can’t afford a four-year school should get a community-college degree. Life will be tougher for liberal-arts majors if they don’t get training in how to apply a humanities education. Those who can’t find a job where they live should consider moving to places where there are more jobs than applicants — the Dakotas, Nebraska, Wyoming.
When this crisis ends, we’ll also be faced with other deep problems. Our tax code is a complex mess; we need a more effective education system; it’s hard to picture a healthy United States in 2050 without some major change in health care. Unlike the short-term jobs crisis, these are areas where we can find compromise. Let’s not do what we usually do by spending the bad times arguing over things that won’t happen and the good times ignoring the things that should.
Adam Davidson is the cofounder of Planet Money, a podcast, blog, and radio series heard on NPR’s Morning Edition, All Things Considered and on This American Life.