“..Paul Krugman:..Cleaning Up the Economy..”

“.. Bill Clinton’s speech at the Democratic National Convention was a remarkable combination of pretty serious wonkishness — has there ever been a convention speech with that much policy detail? — and memorable zingers.

Perhaps the best of those zingers was his sarcastic summary of the Republican case for denying President Obama re-election: -

- “We left him a total mess.

He hasn’t cleaned it up fast enough.

So fire him and put us back in.”

Great line. But is the mess really getting cleaned up?

The answer, I would argue, is yes.

The next four years are likely to be much better than the last four years — unless misguided policies create another mess.

In saying this, I’m not making excuses for the past.

Job growth has been much slower – and unemployment much higher than it should have been – even given the mess Mr. Obama inherited.

More on that later.

But, first, let’s look at what has been accomplished…”

(cont..)

go to source/story>>>

Cleaning Up the Economy – NYTimes.com.

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