Paul Krugman Blog-Welcome to the recovery

[n2doc]

June 8, 2011, 2:59 PM
Welcome to the Recovery
For unrelated reasons (textbook!) I just reread Tim Geithner’s unfortunate August 2010 op-ed Welcome to the Recovery. Even at the time, it seemed tone-deaf to both the economic and the political realities; now, of course, it looks much worse.

But Zachary Goldfarb’s deeply depressing piece on Geithner’s role in the internal economic debate offers some context: it looks as if “Welcome to the Recovery” was aimed not at the nation at large but at the pro-stimulus camp within the administration. No need to do more, Geithner was saying; we’ve got this under control.

Except, of course, they didn’t.

more
http://krugman.blogs.nytimes.com/2011/06/08/welcome-to-the-recovery/

[applegrove]

1. Yup. Krugman warned that the stimulus wasn't large enough at the time.

[tex-wyo-dem]

2. Krugman predicted this from the get-go...

I'm quite sure the "recovery" that Geithner was talking about applied to the banksters and the wall street crooks only.