Krugman: This is a Depression

Over the past year, I’ve seen these words posted by many of the FP’ers here, and they are thus: “It’s sad to see what passes for happy news about our economy these days.” IMHO, folks are grabbing at straws. Frankly, I get the sense from some that it’s bordering on (wilted) “green shoots” déjà vu. Those talking points didn’t work for our Party in 2010, and they sure as hell won’t do the job for us in 2012. Perhaps, as Paul Krugman notes in Monday’s NY Times (and if you read the collective commentary of some of the better-known economic pundits in the MSM over the past 48 hours), we really are teetering on the abyss. READ MORE