Duude

Manufacturing Collapse Reminiscent of Great Depression's Beginning

I don't anyone that can read Krugman without a grin on their face. Krugman always, always, always has an agenda. He isn't a credible guy. Some of you might point out that he won the nobel peace prize. Unfortunately, those who vote for the nobel peace prize aren't beyond politics. They voted for Krugman at a time when word had come out before hand that pickings for the economics prize were slim this year and the U.S. presidential campaign was in high gear. They actually based the award on work Krugman did 30 years ago. I'm not sure he even supports his prior work privately as he does publicly.
His recent article is a setup article for a turnaround in the economy. He can then later say, Obama Saved us! The truth is politicians aren't as powerful to change the course of the economy as many believe. They can screw things up, but fixing the economy often just takes time. Don't know what truly qualifies as a 'great depression'. If we need to see 20% unemployment and hold double-digit unemployment for 10 years as was seen in the FDR years, I'm not convinced at all. As long as we don't flip flop to hyper-inflation, I see an economic rebound as soon as late 2009, early 2010. That's hardly a depression and certainly not one that will be diverted by the great Obama as his time in office won't be sufficient to positively affect anything even if he could.