“There are really only two options here. (1) The Times is wrong. (2) The Times is right and America has the stupidest goddamn investors on the planet.”
— Kevin Drum on news that Wall Street is spooked at the prospect of federal budget cuts inducing a double-dip recession. With those fears apparently building up, perhaps it’s time to revisit the concept of government spending being good for the economy?
(Source: Mother Jones)
