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January 23, 2009

Krugman: Not as confident about Obama's economic policies

Posted: 09:37 AM ET

by Paul Krugman, NY Times columnist and Nobel Prize Winner

Like anyone who pays attention to business and financial news, I am in a state of high economic anxiety. Like everyone of good will, I hoped that President Obama’s Inaugural Address would offer some reassurance, that it would suggest that the new administration has this thing covered.

But it was not to be. I ended Tuesday less confident about the direction of economic policy than I was in the morning.

Just to be clear, there wasn’t anything glaringly wrong with the address — although for those still hoping that Mr. Obama will lead the way to universal health care, it was disappointing that he spoke only of health care’s excessive cost, never once mentioning the plight of the uninsured and underinsured.

(Read the rest of Krugman's commentary HERE)

Filed under: Economy • Paul Krugman


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concered/Denver Colorado   January 23rd, 2009 9:16 pm ET

obama can not fix the economy by himself ..and the sentor and the house both play apart alone with the corporations ....and small business ..and bush tried to fix it with his tax cuts and breaks and that did not work either ...so now all those great minds will have to be put to the test ...


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