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Economist Paul Krugman Explains Why GOP Wants the Economy to Fail
TheCameraObscura | December 23, 2010 at 01:56 amby
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Nobel prize-winning economist Paul Krugman told Rachel Maddow that the Republicans are intentionally opposing economic policies that would create jobs and put money into the hands of consumers. Krugman said that businesses aren’t hiring because they don’t have sales, they don’t have sales because people aren’t spending, people aren’t spending because they don’t have money, people don’t have money because they don’t have jobs. Krugman also added that the original stimulus package was about one third of what was really needed for an economic recovery.