The Real Story - Paul Krugman
The actual lessons of 2009-2010, then, are that scare stories about stimulus are wrong, and that stimulus works when it is applied. But it wasn’t applied on a sufficient scale. And we need another round.
But it won’t happen. President Obama is incapable of a sustained fight against the GOP and his own conservatives, and it’s unclear where his heart is on this matter anyway.
Obama is facing exactly what any moderate faces today: the enmity of the hysterically Tea Partyish GOP and the anger of the disaffected liberals at the far left of the Democratic party (including me).
Oh, I wish we could have a multiparty system, where at least there would be a hope of coalition politics instead of a two-party Mexican standoff.
website666 reblogged this from underpaidgenius and added:
Stowe Boyd (aka UnderpaidGenius) is right—and Krugman is oversimplifying, I think. And in a very scary, very subtle way,...
- underpaidgenius posted this