Confidence fairies have infiltrated The White House

Krugman on the White House timidly following a hard right business line that business won’t invest until the government stopped doing so.

It’s garbage, of course: businesses are refusing to invest because they don’t see enough demand for their products.

We’ll never know what might have happened if Obama and co. had actually had the courage of their convictions; what we do know is that they have undermined their own message at every turn.

He may be right, that the Obama Administration lacks conviction.

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