They still don't get it. Or maybe they don't care.

New York mayor Bloomberg is planning on laying off state employees because of the economic crisis. Laying off people motivates them to save their money, not spend it. This will further reduce sales tax revenues, exacerbating the problem even further.

The economy is driven by people spending money. People need to be paid enough to have money to spend. How hard is that to understand?

Clearly, these decisions are made by people who are not affected by the economy.