Friday, June 18, 2010

Quick Hit


Paul Krugman sez, “52 senators voted against extending aid to the unemployed despite the highest rate of long-term joblessness since the 1930s.”


I’ve lost a lot of respect for Nobel prizes since president Obama was awarded the Nobel Peace Prize sans accomplishments, but I have noticed Paul Krugman (and Keynesians) are often right about macro-economics.

I think it is too bad congressional leaders are looking towards Alan “What bubble?” Greenspan, when the evidence everywhere backs up Paul Krugman (job creation is too slow, consumer spending is down, home construction is down, etc.).

I guess I will have to take comfort in the fact that the CEO-types that created the mess are reasonably  comfortable at our expense.

No comments:

Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin