"The Hobbled Recovery" by Paul Krugman at the NY Times

[applegrove]

The Hobbled Recovery

by Paul Krugman at the NY Times

http://krugman.blogs.nytimes.com/2012/07/27/the-hobbled-recovery/

"SNIP....................................

Here’s a chart. It shows changes since the second quarter of 2009, which was both the bottom of the recession and the earliest point at which you can plausibly say that Obama had any influence on actual policy. I show nonresidential fixed investment — basically business investment — and government purchases of goods and services:

........................................

Business investment has actually gone up a lot; maybe you think it should have gone up even more, but it’s not the heart of the problem. On the other hand, we’ve had a lot of cutbacks in government — mainly at the state and local level, but federal aid could have avoided that.

This isn’t a picture of an economy hobbled by Big Government; it’s a picture of an economy hobbled by premature austerity.

......................................SNIP"

[zbdent]

1. It's fitting that one of the most vocal Republicans holding up progress on the road to recovery

looks like an orange barrel ... and is from the state where the Orange Barrel is the state flower ...