News Columns & Blogs

Time for a bigger stimulus?

"O.K., Thursday's jobs report settles it. We're going to need a bigger stimulus," argues columnist and economist Paul Krugman. Krugman contends that the U.S. economic reports look "depressingly familiar to anyone who has studied economic policy in the 1930s. Once again a Democratic president has pushed through job-creation policies that will mitigate the slump but aren't aggressive enough to produce a full recovery. Once again much of the stimulus at the federal level is being undone by budget retrenchment at the state and local level."