Sunday, April 12, 2009

Killing Sally Sunshine

Paul Krugman appears on Rachel Maddow and tells us why Obama's "glimmerings of hope" is not realistic:



As Paul Krugman puts it, the good news is that: "Things are getting worse more slowly."

On the other hand: "One of the little things that has been reported is that the IMF - International Monetary Fund - now has upped its estimate of losses on bad loans to $4 trillion. Not so long ago $1 trillion was considered an exorbitant estimate."

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