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

Doug Henwood dhenwood at panix.com
Wed Jul 13 09:10:09 PDT 2011


On Jul 13, 2011, at 11:57 AM, // ravi wrote:


>> OK, here's an unprofessional speculation: maybe it's personal. Maybe the president just doesn't like the kind of people who tell him counterintuitive things, who say that the government is not like a family, that it's not right for the government to tighten its belt when Americans are tightening theirs, that unemployment is not caused by lack of the right skills. Certainly just about all the people who might have tried to make that argument have left the administration or are leaving soon.
>
>
> Is there anyone other than Romer[sp?] who gave him such advice? Much like Bush Jr before him, Obama has surrounded himself with self-validating majordomos or apparatchiks like Summers, Geithner, Goolsbee, Sperling, so on.

Summers was an advocate for stimulus. And he had a column in the FT just the other week calling for more:

http://www.ft.com/intl/cms/s/2/b3c143b6-952d-11e0-a648-00144feab49a.html

Doug



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