News Stories Related To: Nobel Prize Winner Paul Krugman warns that the second Great Depression will be difficult to stop
By: MarcusCato 
In an Op Ed article in the NYT dated January 5, Paul Krugman writes that for many years, the predominant view has been that it would be quite easy to prevent another Great Depression....
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- Submitted By: MarcusCato | 11 months agoBarack Obama will start his presidency much as George Bush did: with a huge fiscal stimulus aimed at boosting an ailing economy and promoting some pet objectives. The need for stimulus is far greater than in 2001. America is in what could be its ...
- Submitted By: MarcusCato | 11 months ago"If we don't act swiftly and boldly," declared President-elect Barack Obama in his latest weekly address, "we could see a much deeper economic downturn that could lead to double-digit unemployment." If you ask me, he was understating the case. ...
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- News Source: Uinta County News | 10 months agoOne of the most difficult dynamics in legislating is the seemingly never ending critique that the good is not perfect. That argument is in constant use and is far too often an excuse to make the bad worse or not at all. As the debate heats up on the...
- News Source: Dallas Observer | 10 months agoObama also said that he wants stricter guidelines and greater transparency in spending the remaining $350 billion in the Troubled Asset Relief Program. Obama takes office Jan. 20 and is pressing Congress to act quickly on a two-year economic stimulus...
- News Source: Androscoggin News | 10 months agoPresident-elect Barack Obama said reviving the US economy will require scaling back on his campaign promises and personal sacrifice from all Americans. “I want to be realistic here, not everything that we talked about during the campaign are we...
- News Source: Truthout | 10 months agoPresident-elect Barack Obama announces his choice of Nancy Killefer to be the administration's "chief performance officer." She will be responsible for ensuring fiscal discipline in the face of what could be trillion-dollar deficits. (Photo: Getty...
- News Source: Taiwan News | 10 months agoThe U.S. economy is in the throes of a deepening recession and needs a really big dose of fiscal stimulus to help stabilize it. What it doesn't need is efforts by congressional Republicans to limit the size of the package because of feigned concerns...
- News Source: Androscoggin News | 11 months agoDedicated Reds never tire of pointing out that communism never failed, because it was never tried...It would succeed, they aver – utterly without evidence – if only truly implemented. Similarly, when considering the New Deal – which everyone...
- News Source: France 24 | 11 months agoBarack Obama said Saturday his economic stimulus plan will "save or create three to four million jobs" as the president-elect sought to stem criticism of the 775-billion-dollar package designed to revive the ailing US economy. In his weekly...
- News Source: Androscoggin News | 11 months agoThere are moments in American history where decisive action is required and by all accounts we are at such a point with our struggling national economy. But what's the right decision to take to restore economic growth? Some knowledgeable voices are...
- News Source: Androscoggin News | 11 months agoWith Congress moving slower than he'd hoped, President-elect Barack Obama upped the ante on his economic recovery package Saturday, saying he now believes his plan can save or create up to 4 million jobs -- a million more than he had earlier...
- News Source: The Washington Times | 11 months agoAt least the word "trillion" still has cachet as denoting a lot of money. "Billion" has been surpassed during the last few months, and "million" has long been positively quaint. The Obama team wants to keep its two-year stimulus plan (just) beneath a...
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