In reading Paul Krugman's missive today in the New York Times, "What Didn't Happen," I am reminded of Orwell. According to the Great Nobel Laureate, Krugman insists that we believe the following:
- The "stimulus" was "too small"
- The Obama administration was not "tough enough" with the banks (he should have nationalized them, I suppose -- but, then, they pretty much are nationalized already)
- Obama did not do as did Ronald Reagan and blame the previous administration.
Comment: William Anderson owns arch- Keynsian Krugman's backward logic on the Obama administrations first year policies. Krugman obviously in the Keynesian wonderland!