Monday, August 24, 2009

Krugman: The Economy is in Purgatory

Here is a nice clip of Paul Krugman (and Robert Reich et al.) spelling out the gloomy outlook for the economy:



Don't get excited about the $9 trillion deficit "talking point" of George Will. This "increase" of $2 trillion is purely an artifact of the Obama's administration recognizing that the economy is in a deeper recession than it originally thought.

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