Krugman: Four More Years of Unemployment (Video)

Ever since the $787 billion stimulus package passed earlier this year, economist Paul Krugman has been the squeaky wheel moaning about its small size.

“The stimulus bill looks helpful but inadequate, especially when combined with a disappointing plan for rescuing the banks,” he said at the time. “The complacency now setting in over the state of the economy is both foolish and dangerous,” he’s said since, in column titled “Mission Not Accomplished.” And at a recent talk at White & Case for the Hudson Union Society, he kept up the drumbeat:..

The Recession Will End… This Summer!

Says who: Paul Krugman, Nobel prize-winning economist.

“I would not be surprised if the official end of the U.S. recession ends up being, in retrospect, dated sometime this summer,” he said in a lecture today at the London School of Economics. “Things seem to be getting worse more slowly. There’s some reason to think that we’re stabilizing.” (via Bloomberg)

Why it might be false: Who are we to say, he’s Paul Krugman, plus, we’re fans—even if the National Bureau of Economic Research (the gold standard of such economic things) might not be, since its head of Business Dating Cycle Committee Robert Hall said just last week that it’s “way too early” to decide that we’re coming out of the recession, rather than just having a “pause” in a “longer decline.”…