Tuesday, January 26, 2010
Sometimes Paul Krugman is a man of few words
Witness his response to President Obama's suggestion that a spending freeze is in order.
A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?A spending freeze worked so well for Herbert Hoover at the start of the Depression and for FDR in 1937 that President Obama has to try it himself. I guess Wall St feels that whatever is left of the middle class still has too much in assets that need to be transferred up to those who deserve it.
It’s appalling on every level.
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