Early reports from the mis-named “Jobs Summit” convey the discouraging message that the Obama Administration doesn’t think dramatic and rapid reductions in unemployment are a high priority.

Today, the AFL-CIO and other groups held a conference call to discuss a number of job creation strategies, all of which need to be considered to “flood the zone” with a number of projects.

At a recent conference Prof. Jame Galbraith provides a useful layman’s explanation for why further deficit spending is needed despite the calls from deficit scolds.