Krugman predicts the near future:
I'm finding it hard to read about politics these days. I still don't think people in the administration understand the magnitude of the catastrophe their excessive caution has created. I keep waiting for Obama to do something, something, to shake things up; but it never seems to happen." And maybe he really does believe that the administration doesn't grasp that they are destroying America's economy and it's chances of recovery, but I think he may be forgetting that all his friends are from the Chicago school, and they think that disaster would be a good thing. But he says, the important thing is that all signs are that the next few years will be a combination of economic stagnation and political witch-hunt. This is going to be almost inconceivably ugly.Sigh.....I hear that.