This was exactly what I was concerned about.....

Back in February, when the Stimulus was being debated, many economists voices were ignored due to political consideration and crass capitulations.

You have Vice President Joe Biden saying this.

"The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there," Biden said. "We misread how bad the economy was, but we are now only about 120 days into the recovery package."

Dr. Krugman brings the knowledge and loads up the way back machine to point out, this was imminently predictable.

This was always the problem with the Stimulus debate, too many people who do not know a thing about economics opining on the subject, and very little actual expertise. So you get compromises that are way less effective to court votes, ignoring what the problem actually was.

I really wish we had more grown-ups running things. Or we had a press capable of holding our venal politicians accountable for their votes or what they say.

-Cheers