"The conservative article of faith that hard work and determination guarantee economic security is a now a cruel lie. People lose jobs because of shifts in global trade patterns, because of new technologies, and because of macroeconomic currents beyond their control. This is the nature of a dynamic capitalist economy, and to acknowledge it and the need for government countermeasures is in no way to repudiate the considerable virtues of the system."
— Yglesias on Obama’s economic proposals during the State of the Union.
(Source: Slate)
