Wednesday, 7 November 2012

Krugman Speaks from the Other Side of the World: Obama Won't Do Anything Stupid

Seems that Paul Krugman was in Singapore yesterday (must have voted in an advance poll or by mail.)   He had some most interesting things to say, as quoted in the Bloomberg newsletter:

“If it’s possible, we could use some modest additional stimulus, mostly in the form of aid to state and local governments.

“A lot of what’s required right now is just plain not doing anything stupid that derails the recovery. We can count on President Obama not to do anything stupid.

“We have a still very extreme Republican party so legislation is going to be very difficult to pass and there are going to be sharp limits on what Obama can do. To the extent that he is going to have big achievements in his second term, it’s mostly because he’s already passed the legislation.”

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