Liberal Keynesian economist Paul Krugman said during a recent speech that the economy under President Barack Obama is “incredibly awful.”
Krugman is a staunch believer that big-government policy and economic stimulus will reverse the situation. The economist is well-known for his many awards in the field and his print-more-money-no-matter-what philosophy.
During a keynote at Netroots Nation, a group that says its events should be thought of “as a giant family reunion for the left,” Krugman compared the current economic times to that of the Great Depression.
“It was obviously horrible. And so it is again today,” he noted.
“It’s not as bad as the Great Depression — there’s a winning slogan,” he said tongue-in-cheek. “Not as bad as the Great Depression, but it’s incredibly awful.”
In the midst of his analysis, Krugman found an opportunity to criticize Republican Mitt Romney. Krugman told the audience that if they did not know someone who was suffering they “must be a member of the Romney clan or something.”
In April, Ron Paul debated Krugman on economic policy on Bloomberg TV.
“You want them to print more money faster,” Paul said during the discussion.
“Well, of course I do,” answered Krugman.