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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