Friday, March 4, 2011

How to kill a recovery

Krugman does it again, prompting I think the first time I have posted twice in one day. Key points: "Last October, a comprehensive study by the International Monetary Fund concluded that “the idea that fiscal austerity stimulates economic activity in the short term finds little support in the data.” In other words the Republi-CON has no basis in reality.

The bottom line: "Republicans have managed to come up with spending cuts that would do double duty, both undermining America’s future and threatening to abort a nascent economic recovery."

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