Recession: Hitting Bottom w/Paul Krugman

December 29, 2008

Paul Krugman puts our economic situation into perspective and gives an honest prediction on how long we might have to anticipate our current recession.  Krugman is estimating that President Obama is going to pump a massive sum into lifting us out of this runt.  He greatest concern is that it won’t be enough.

I also feel we will not just have to pump a massive amount of funds into our weak system once but at least twice, stretched over the first half of President Obama’s first term.

It’s going to take a while to clean up the GOP ideology of less government, less regulation, topped off with less taxes (for the rich anyway).  The trickle down effect does not work.  Now it’s time for the trickle up effect.

Have a little tolerance this video was slow in loading

Special Note: Dave this one is also for you.

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more about “Recession: Hitting Bottom Video – CBS…“, posted with vodpod


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