I sit in gleeful anticipation of the sophistry that Paul Krugman is going to bring to bear in order to twist this to the Democrats’ favor.
What a total poser Krugman is! Good Lord. This is on his NYTimes “blog” today. He states that t-bills were worse than in The Great Depression, then corrects himself a moment later. What a doofus. (With apologies to everyday doofuses out there!)
“Interest rates on Treasury bills this morning: incredibly low on one-month, negative on three-month bills. This didn’t even happen in the Great Depression.
Professionally, I’m fascinated. As a citizen, I’m terrified.”
“Correction: That wasn’t a negative rate this morning, red color notwithstanding. But it was briefly negative yesterday.”
http://krugman.blogs.nytimes.com/
Lord help us if Obama is elected and THIS Ivy-League moron is one of his advisers! Eeeeeeeek! LOL!