Sunday, April 12, 2009

During Great Depression, Economy Had Upticks

Paul Krugman (my favorite blogger) has an important post on the economy. You should check it out. It has an illustrative chart, too. It argues that we shouldn't get too happy by the recent uptick in the economy, because even the Great Depression saw brief periods of improved economic production.

As a side note, Obama seems to understand this. As reported by The WSJ, on Friday, Obama noted that we should be optimistic that the economy has briefly improved, but we should not be too enthusiastic, because the economic situation is still extremely dire. Thus, Obama is walking the fine line between realism and Motivator-in-Chief.

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