The WSJ headlined a piece “Geithner Says Stimulus Still Needed.” Given that the unemployment rate is 9.8 percent and still rising (higher than in any post-World War recession except the 1981-82 recession), why would anyone think that stimulus is not still needed? This is not really a serious issue.

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.