Quote of the Day: Awful

>> Thursday, December 11, 2008

I should have finished reading Andrew Leonard's entire interview with Paul Krugman yesterday before I posted a quote. Because if I had, I would have posted this quote instead:

Andrew Leonard: How bad do you think this is going to get?
Paul Krugman: Awful. Without a major stimulus package -- sorry, I guess the politically correct term is now "economic recovery plan" -- I'd say that we were definitely headed for double-digit unemployment. Right now the economy is clearly falling as fast as, or faster than, it was in 1981-82, which was a terrifying slump. If Obama doesn't come up with a massive plan, and possibly even if he does, this is going to be a slump that pushes 10 million-plus Americans below the poverty line, and more.


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