Updated over 16 years ago on . Most recent reply
Not So Fast On The Toxic Assets Plan
The stock market was absolutely giddy after the release of the Obama administration’s plan for toxic assets. However, not everyone is drinking the Kool Aid. Paul Krugman, the Nobel Prize winning NY Times columnist and noted economist, thinks the plan is doomed to fail.
Considering that Professor Krugman is a major Obama supporter and Keynsian economists who believes in big spending by government, this is a signal that all is not right in Obama-land.
From Krugman’s March 22nd column:
Speaking of the plan:
See the article: http://www.nytimes.com/2009/03/23/opinion/23krugman.html?_r=1
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