Friday, December 12, 2008

look at the bright side of life

Some uplifting optimism from Paul Krugman in an email interview with Andrew Leonard ( about the economic meltdown:
How bad do you think this is going to get?
Awful. Without a major stimulus package -- sorry, I guess the politically correct term is now "economic recovery plan" -- I'd say that we were definitely headed for double-digit unemployment. Right now the economy is clearly falling as fast as, or faster than, it was in 1981-82, which was a terrifying slump. If Obama doesn't come up with a massive plan, and possibly even if he does, this is going to be a slump that pushes 10 million-plus Americans below the poverty line, and more.
Hey, why sugarcoat reality? Thanks Paul.
Here's to an "economic recovery plan" that invests in American infrastructure instead of more hi-def televisions. Better be a big plan too.