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Saturday, January 17, 2009

Krugman: What Obama Must Do

Paul Krugman with What Obama Must Do, A Letter to the New President:

Dear Mr. President:

Like FDR three-quarters of a century ago, you're taking charge at a moment when all the old certainties have vanished, all the conventional wisdom been proved wrong. We're not living in a world you or anyone else expected to see. Many presidents have to deal with crises, but very few have been forced to deal from Day One with a crisis on the scale America now faces.

So, what should you do?

In this letter I won't try to offer advice about everything. For the most part I'll stick to economics, or matters that bear on economics. I'll also focus on things I think you can or should achieve in your first year in office. The extent to which your administration succeeds or fails will depend, to a large extent, on what happens in the first year — and above all, on whether you manage to get a grip on the current economic crisis. [...continue reading...]

    Posted by on Saturday, January 17, 2009 at 04:05 PM in Economics, Politics | Permalink  TrackBack (0)  Comments (37)

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