Tuesday, December 01, 2009

Krugman: Hope is Not a Plan

Quote of the Day

"The result, then, will be high unemployment leading into the 2010 elections, and corresponding Democratic losses. These losses will be worse because Obama, by pursuing a uniformly pro-banker policy without even a gesture to popular anger over the bailouts, has ceded populist energy to the right and demoralized the movement that brought him to power. . . Maybe they’ll get lucky. But hope is not a plan."