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Krugman:
A lot of people supported Obama over Clinton in the primaries because they thought Clinton would bring back the Rubin team; and what Obama has done is ... bring back the Rubin team.
Isn't that sad?

The peak-to-trough part of the business cycle is an outlier. Carnot would have died laughing.
by Migeru (migeru at eurotrib dot com) on Mon Jul 20th, 2009 at 05:50:29 AM EST
[ Parent ]
Heads, I win, tails, you loose: The story of the financial "industry" over the past thirty years.

And now they've restarted partying like this is 2005...

Europeans think a hundred miles is a long way. Americans think a hundred years is a long time.

by Bernard on Mon Jul 20th, 2009 at 06:44:18 AM EST
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