What the centrists have wrought - Paul Krugman Blog - NYTimes.com
According to the CBO’s estimates, we’re facing an output shortfall of almost 14% of GDP over the next two years, or around $2 trillion. Others, such as Goldman Sachs, are even more pessimistic. So the original $800 billion plan was too small, especially because a substantial share consisted of tax cuts that probably would have added little to demand. The plan should have been at least 50% larger.You know ... Paul Krugman... the guy that just won the fucking Nobel Prize.
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