Friday, July 03, 2009

Krugman Weighs In

Paul Krugman has it figured out:
O.K., Thursday’s jobs report settles it. We’re going to need a bigger stimulus.
Well, thank goodness he spoke up. I just knew the federal government wasn't spending enough money yet!

It seems the existing stimulus package didn't perform as advertised. It was supposed to keep unemployment down to the 8% level. But it's now approaching 10%.

Plan A shoved money out the door.
Still, we saw unemployment soar.

Let's try plan B - and spend some more!

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