Paul Krugman, from the New York TIMES, Feb. 13, 2009: >So far the Obama administration's response to the economic crisis is all too >reminiscent of Japan in the 1990s: a fiscal expansion large enough to avert >the worst, but not enough to kick-start recovery; support for the banking >system, but a reluctance to force banks to face up to their losses. It's early >days yet, but we're falling behind the curve.
>... There's still time to turn this around. But Mr. Obama has to be stronger >looking forward. Otherwise, the verdict on this crisis might be that no, we >can't. < -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
