Charley James: Reports surfaced today that Nobel Prize Winning economist Dr. Paul Krugman will be offered the job of chairman for the White House Council of Economic Advisors.
Brent Budowsky: Stay tuned. I predict the day will come when we will know for sure what President Gore would do, when President Gore does it.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.
Norman Solomon: With unemployment so common that it’s widely seen as a long-term fact of life, a tacit fatalism has seeped into political discourse and the mass media. In short, what should be unacceptable has gained acceptance.
Ron Wolff: “So we’re paralyzed in the face of mass unemployment and out-of-control health care costs…Blame our political culture, a culture that rewards hypocrisy and irresponsibility rather than serious efforts to solve America’s problems…I’m sorry to say this, but the state of the union — not the speech, but the thing itself — isn’t looking very good.”