Krugman, O’Neil Make Dire Economic Predictions

I’m inclined to agree with this comment (on the story at the end of the link below). I know that I’m sort of in denial about the economic crisis. It hurts to think about, and it’s so far failed to hurt our family much.

But I’m increasingly feeling like (a) it’s much worse than I have integrated into my world-view and (b) those in charge of policy and execution are doing the same, which is (c) flirting with disaster.

It’s time they buckle down.

Maybe time I do, too.

A national emergency should be declared immediately. All three branches of government should be working 24/7 to facilitate avoidance of further economic demise and the anarchy such poses by providing conjoined leadership. A Manhattan Project Economic summit/legislation should occur NOW not later. For America to step back because of our Constitution’s dictation of January 20, 2008, for installation of PE Obama, given the current state of affairs and an uninvolved lame duck president, is pure folly… At this juncture, our government is failing us.

Krugman, O’Neil Make Dire Economic Predictions.