Are we in the Not-so-Great Depression?

It must suck to be Paul Krugman. I'm sure he'd rather not be the guy who figured out our economy is actually in a depression. Regarding the debate about whether Washington should cut spending or invest in job creation, he had this ray of sunshine:

"...who will pay the price for this triumph of orthodoxy? The answer is, tens of millions of unemployed workers, many of whom will go jobless for years, and some of whom will never work again."

Can't you just hear the ominous soap opera music before the cut to a commercial?


The Latest from our Partners