Krugman: Obama’s Inaugural Address

[johan helge]

From http://www.nytimes.com/2009/01/23/opinion/23krugman.html?_r=1:


"On the other hand, Mr. Obama is, as his predecessor put it, the decider. And he’s going to have to make some big decisions very soon. In particular, he’s going to have to decide how bold to be in his moves to sustain the financial system, where the outlook has deteriorated so drastically that a surprising number of economists, not all of them especially liberal, now argue that resolving the crisis will require the temporary nationalization of some major banks.

So is Mr. Obama ready for that? Or were the platitudes in his Inaugural Address a sign that he’ll wait for the conventional wisdom to catch up with events? If so, his administration will find itself dangerously behind the curve.

And that’s not a place that we want the new team to be. The economic crisis grows worse, and harder to resolve, with each passing week. If we don’t get drastic action soon, we may find ourselves stuck in the muddle for a very long time."

[BlooInBloo]

1. Moral: Don't write op-eds 2 days in advance with Obama.

:rofl:

[johan helge]

2. What do you mean? (nt)