Another great read by Paul Krugman. Obama's cautious approach to the economic crisis may lead the way for Democratic losses in 2010. Clearly the situation is better than it was a year ago though as we saw on Friday, employment is still lagging with limited chances of recovery before the mid term elections.Administration officials would presumably argue that they were constrained by political realities, that a bolder policy couldn’t have passed Congress. But they never tested that...
