KRUGMAN On Romney Team "NO ONE SHOULD BELIEVE THEM"
Obviously, Republicans like claiming that its all Mr. Obamas fault, and that electing Mr. Romney would magically make everything better. But nobody should believe them.
For one thing, these people have a track record: back in 2008, when serious students of history were already predicting a prolonged slump, Mr. Gramm was dismissing America as a nation of whiners experiencing a mere mental recession. For another, if Mr. Obama is the problem, why is the United States actually doing better than most other advanced countries?
The main point, however, is that the Romney team is willfully, nakedly, distorting the record, leading Ms. Reinhart and Mr. Rogoff who arent affiliated with either campaign to protest against gross misinterpretations of the facts. And this should worry you.
Look, economics isnt as much of a science as wed like. But when theres overwhelming evidence for an economic proposition as there is for the proposition that financial-crisis recessions are different we have the right to expect politicians and their advisers to respect that evidence. Otherwise, theyll end up making policy based on fantasies rather than grappling with reality.
http://www.nytimes.com/2012/10/22/opinion/krugman-the-secret-of-our-non-success.html?_r=1&