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?

It’s appalling on every level.
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.

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