[quote=SK in CV][quote=Allan from Fallbrook]
Pushes a political agenda in the face of contrary data or information (AGAINST deficit spending during the Bush II Administration and FOR deficit spending during the Obama Administration.)

[/quote]

I’m just gonna pick on this one little item, because for the most part, I agree with you about Krugman and his ideologies.

But on this one, there is no inconsistency. It’s pretty straight forward keynsian economics. Stimulate/spend during a downturn in consumer spending (even if it causes a deficit, and for the most part, irrespective of the budget). Too many believe that is the heart and soul of keynsian economics. Almost as if tax and spend is an economic theory.

But during most of the Bush years, the economy was pretty healthy. So cutting spending and increasing taxes, and paying down debt would be the keynsian thing to do. We don’t have the same economy today as we had in 2005, so it’s logical that his recommendations wouldn’t be the same.[/quote]

SK: Point taken and agreed. As Keynes himself said, “When the facts change, I change my mind.”

That said, we’re now in terra incognita, especially as the Eurozone goes. And, comparing the Eurozone to the US is certainly not an apples to oranges comparison.