The Washington Post's lead editorial told readers that there is not much the Fed or anyone else can do to get us out of an economic situation with near double-digit unemployment. It concludes its piece with a vague set of policy recommendations that include "education, tax reform and entitlement reform."

This is pretty much the same agenda that the Post was pushing back in 2002-2007 when others were warning about the dangers of the housing bubble. The Post had no room on its news or opinion pages for these warnings. It seems that it still doesn't. Its policy prescriptions are remarkably impervious to evidence or changed circumstances.

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