[Nachum]

None of this makes any sense. The numbers for unemployment aren't accurate as they never took in the under-emplyed and the discounted those that had stopped looking. The 'stimulus' spending went largely to political cronies and was almost entirely wasted and the banks already collapsed and contracted to fewer banks and less credit. Social programs have gone viral and gov't pensions are unsustainable.

Insanity.

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[boop]

Is ANY of this true? The greatest depth of the depression was 1933. Unemployment wasn't much better in 1936 when FDR was re-elected. (Don't ask me how).

Is Krugman saying that the congress tried to slow down public works spending and balance the budget, and that's why unemployment stayed high?

Huh? Even by 1940 unemployment wasn't great, but it was still high.

I probably don't want to know Krugman's answer, but how come when Reagan was President, we went from $hit in 1980, to kicking ass in 4 short years? We cut taxes and regulation and destroyed the soviet empire 5 years after that.

Oh, and with moaning and groaning about $150 billion dollar deficits.

Give me something that has been PROVEN to work, like Reaganomics, over the asinine hamster wheel Obamanomics.

Five years after we elect the guy we're in worse shape on every measurable level.

[VRW Conspirator]

The Nobel prize was founded upon the guy who gave us dynamite. You, Krugman, could not blow your nose if dynamite were brains.

[kaehurowing]

Note that all these problems are created by government manipulation of the economy, not problems with the economy itself.

[Brilliant]

Well at least he admits it was the government that screwed up.