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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, August 5, 2011

Dow down 500: Told You So...

The liberal blogosphere is glowing today with I-Told-You-So-ness. Krugman:
In case you had any doubts, Thursday’s more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn’t recovering, and Washington has been worrying about the wrong things. It’s not just that the threat of a double-dip recession has become very real. It’s now impossible to deny the obvious, which is that we are not now and have never been on the road to recovery.
His whole piece is a great summary of the situation - and the answer to Lenin's query: What is to be done?

Vitus's take? At Vitus, we are recovering Republicans.

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