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Friday, February 20, 2009


Opinion: Obama scores more wins than losses in stimulus maneuvering
In the process of getting a $787 billion economic-stimulus package through Congress and signed into law, U.S. President Barack Obama learned that governing is different from campaigning, The Economist says in its Lexington column. Obama's concessions to political realities may represent something of a loss of innocence for the new president, but so far he's doing a lot more winning than losing. The Economist (19 Feb.)

Krugman: U.S. stimulus plan falls short of what's needed
Economist Paul Krugman, a recipient of the Nobel Prize in Economics, said in a speech at the University of Pennsylvania that the U.S. economic-stimulus program doesn't deliver enough stimulus to pull the U.S. out of its downturn. He said this downturn is a "debt deflation" recession, something the world hasn't seen for quite some time. Knowledge@Wharton (free registration) (19 Feb.)

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