Economics is not now, nor has it ever been, my forte. But with the economy spiraling out of control--and todays "Bloody Monday" report of more than 68,000 jobs cut--it seems like a good time to post an The New York Times Op-Ed by 2008 Nobel Laureate in Econ, Paul Krugman.
In his NY Times Op-Ed, Krugman takes on the naysayers to Obama's massive stimulus plan.
I think it is well worth reading given uber-nutcase Rush Limbaugh (and others) has blatantly stated he hopes Obama fails. Failing, of course, means we all get hurt even worse; a curse only a madman would wish upon innocent Americans that didn't gamble away our economy and didn't get a spoonful of greed pie, either.
You can read Krugman's Op-Ed here.
Other instructive writings/interviews by/with Krugman:
http://www.salon.com/tech/htww/feature/2008/12/08/paul_krugman/
http://www.economist.com/finance/displaystory.cfm?story_id=11050137
http://economistsview.typepad.com/economistsview/2008/11/paul-krugman-de.html
http://krugman.blogs.nytimes.com/2009/01/19/economists-ideology-and-stimulus/
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