Just like a stopped clock, even a clown like Krugman can be correct occasionally.
Don’t be impressed. I’m no doctor, but I can look at a limb that is rife with gangrene and say “Hmmm. That looks infected.”
I have a feeling that Krugman is talking about the severity of the economy for two reasons: (1) to show that the recession caused by Dubya turns out to be worse that expected, so it takes more time to recover, and (2) to make argument for more stimulus, which he would argue as the only way to get out of the recession.
Yep. Pro’ly the first time ol’ Broken-Clock Kruggy and I have agreed.