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Life Without Bubbles
Suburban Guerrilla —
... Saying he’s “fairly optimistic about 2010,” Paul Krugman says the economy will still need economic stimulus for several years to come and warns Obama to resist the temptation to cut back at the first signs of recovery: ...
Krugman “In Communications” with Obama Camp
The Page by Mark Halperin —
... if he's in contact with Obama's team: "Yes... I am ... And that's all I care to talk about."
In his column Monday, Krugman predicts “economic hell” in 2009. ...
Your Abbreviated Pundit Round-up
Daily Kos —
Monday! Time to go back to work. Paul Krugman: Whatever the new administration does, we’re in for months, perhaps even a year, of economic hell. After that, things should get better, as President Obama’s stimulus plan — O.K., I’m told that the politically correct term is now "economic recovery plan" — begins to gain traction. Late next year the economy should begin to stabilize, and I’m fairly optimistic about 2010. No jokes about Krugman Units, please. Robert J. ...
Krugman: We're In For A Year Of "Economic Hell"
The Huffington Post | Full News Feed —
... the economy in the pre-crisis years isn't coming back either.
...
[O[nce the economy has perked up a bit, there will be a lot of pressure on the new administration to pull back, to throw away the economy's crutches. And if the administration gives in to that pressure too soon, the result could be a repeat of the mistake F.D.R. made in 1937 -- the year he slashed spending, raised taxes and helped plunge the United States into a serious recession.
Read the whole thing here. Krugman recently warned of a power vacuum during President ...
Krugman: We're In For A Year Of "Economic Hell"
Politics on HuffingtonPost.com —
... the economy in the pre-crisis years isn't coming back either.
...
[O[nce the economy has perked up a bit, there will be a lot of pressure on the new administration to pull back, to throw away the economy's crutches. And if the administration gives in to that pressure too soon, the result could be a repeat of the mistake F.D.R. made in 1937 -- the year he slashed spending, raised taxes and helped plunge the United States into a serious recession.
Read the whole thing here. Krugman recently warned of a power vacuum during President ...
The Elusive Post-Bubble Economy
Matthew Yglesias —
... Paul Krugman takes on the question of how we get the economy to re-balance itself for a post-bubble environment and comes up with the disturbing answer that he doesn’t really know: ...
Progressive Breakfast: Wages Falling, Jobs Vanishing, Econ Package Growing
LiberalOasis : The Blog —
... Krugman: "A more plausible route to sustained recovery would be a drastic reduction in the U.S. trade deficit, which soared at the same time the housing bubble was inflating. By selling more to other countries and spending more of our own income on U.S.-produced goods, we could get to full employment without a boom in either consumption or investment spending. But it will probably be a long time before the trade deficit comes down enough to make up for the bursting of the housing bubble." ...
Grim Economic Outlook
Taegan Goddard's Political Wire —
Paul Krugman: "Whatever the new administration does, we're in for months, perhaps even a year, of economic hell."
"Life Without Bubbles."
Althouse —
It's a Paul Krugman column. I was worried Michael Jackson's chimpanzee had died. (Bonus art link.) (On the economy -- sorry -- I've got nothing to cheer you up with.)
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Mental Recession?
FiveThirtyEight: Politics Done Right —
Gallup: Thus, on average, there appears to have been about a five-point increase in the percentage of Americans who worry about money, when the current situation is compared to that which obtained for the first eight months of the year. The large sample sizes involved in this tracking -- about 3,500 interviews per seven-day rolling average -- underscore the conclusion that while the increase in worry is not large on an absolute basis, it is significant and meaningful. At the same time, it is worth noting that fewer Americans report personally having worried about money than report a negative evaluation of the U.S. economy. The latter has been running at ...
Damned News
N/A —
... The Heretik loves waking up and reading stuff like “Whatever the new administration does, we’re in for months, perhaps even a year, of economic hell.” Thank you, Paul Krugman. ...
Happy Chanukah
The Sideshow —
... , and that means things are going to get even worse than they have to be. (And yet, he's still more optimistic than I am about how bad things are going to get, and for how long.) ...
Krugman on Life Without Bubbles
Crooks and Liars —
... Saying he's "fairly optimistic about 2010," Paul Krugman says the economy will still need economic stimulus for several years to come and warns Obama to resist the temptation to cut back at the first signs of recovery: ...
Interesting Times
Talking Points Memo —
... is right that the kind of very necessary crisis-coping bailouts we're talking about are really only about righting the ship. Nothing more. As Krugman argued yesterday, it will be a far different thing getting the country into a mode where we're not reliant on a constant run of bubbles. ...
To Consider ...
Talking Points Memo —
... But let's break it down from there. What comes next? What Krugman points to in his Tuesday column is that within that broad, apparent consensus you've got a lot of people who think you spend like crazy to nurse the economy through the storm and then you go back to the status quo ante. As he puts it ... ...
