"Congress should have enacted a second round of stimulus months ago, when it became clear that the slump was going to be deeper and longer than originally expected. But nothing was done — and the illusory good numbers we’re about to see will probably head off any further possibility of action."
“Congress should have enacted a second round of stimulus months ago...”
The “second round” is already on its way! The “first round” was not dispersed...the “second round” (actually the undispursed “first round”) was neatly timed to start falling from the sky just in time to try to bail the Dems out in the midterms! Let the graft and thievery begin in earnest, get the SEIU Thugocracy moving and start paying out to the Dem faithful...they have not yet begun to steal!
krug the commie.
LLS
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
~~Ludwig Von Mises
$1.75T more than they brought in ($17,500 per household) is not enough federal spending? Either Krugman is a moron or he wants to see capitalism collapse. He’s like the “romantic” who sends a woman 30 dozen roses and when that doesn’t get her back with him tries sending 60 dozen roses - clueless.
As a Freeper once posted, The recession is not the problem but the solution.
Is it so suprising that such sewage advice is comming from a “Nobel Laureate”?
Wouldn't surprise me a bit if the government released numbers indicating the above and it wouldn't surprise me if many financial editors "sympathetic" to this regime were given a "heads up" to the coming report. This is the second time in as many days I read something like this.
I wonder if they will break out the temp holiday jobs in the coming report. My guess is no. so many will believe these people have real long term jobs when in fact they are already laid off. It is little wonder the public has no confidence in this government any longer
Krugman is a liberal socialist nutjob. Jobs will be added? Yeah, a temporary blip upward due to government hiring little like-minded socialists for the census; no doubt idiots like Krugman will point to yet another temporary government intervention as “signs of a recovery”, which will subsequently evaporate a month later.
Secondly, nitwits like Krugman are always claiming that when their Keynesian idiocy fails miserably, as it has every time its attempted, its only because they government didn’t spend enough, smart enough. As always, the libtard call is always for more of the same, netting the same results... nada.
Krugman is such a moron. Everything he says is wrong.
My advice - continue investing heavily in foreclosure signs.
Anyone who actually believes what Krugman says is the bigger fool.
Oh Paul, Paul, Paul. Some people said that a massive stimulous wouldnt work, in fact it would only prolong the agony and even potentially deepen the recession. Some people pointed out that FDR's crazy spending just made a bad recession into a 10 year depression and we shouldnt go that route again. But rather than see the deepening recession as confirmation that those voices were correct, you say "No they were wrong! We just didn't do enough!"
There is an old line where a patient complains of pain when he lifts his arm and the doctor tells him that to feel better he shouldnt do that any more. As the phsycian Dr Krugman would say "Do it again and hold it there!"
a turbo-charged printing press has always been part of the Krugmanomics Tool Kit (with “Tool” being the operative word...)
Krugman is a doofus, and his Nobel is as meaningful as Obama’s. I was effectively refuting his stuff as an Econ undergrad.
Other than Barry, Krugman is an idiot stuck on stupid.