Friday, July 10, 2009

Krugman on Why the Stimulus is Not Enough, Part 2

I guess he makes so much sense that it irritates the powers that be. Even with Bush out of office.

For the past 30 years, we’ve been told that government spending is bad, and conservative opposition to fiscal stimulus (which might make people think better of government) has been bitter and unrelenting even in the face of the worst slump since the Great Depression. Predictably, then, Republicans — and some Democrats — have treated any bad news as evidence of failure, rather than as a reason to make the policy stronger.

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