[lbo-talk] Krugman: "The question then is why."

[James Heartfield]

The question, Krugman asks, is why would the President of the United States refuse to believe us economists who keep on telling him that he must employ more economists.

Maybe, having been bamboozled into gifting billions of dollars to the very richest people on earth under the TARP, the President has become a bit less willing to be so gulled.

More likely, he is just making the usual ideological appeal to balanced budgets that all high-spending governments make.