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Read other letters about this article
ondelette: Is he being inaugurated as Tribune in addition to President?
We already know that Pelosi wants Congress to be [no, sorry she said] “give Obama the tools he needs”
And speaking of that speech:
Krugman:
Stimulus arithmetic (wonkish but important)
http://krugman.blogs.nytimes.com/2009/01/06/stimulus-arithmetic-wonkish-but-important/
“[…] The bottom line is this: we’re probably looking at a plan that will shave less than 2 percentage points off the average unemployment rate for the next two years, and possibly quite a lot less. This raises real concerns about whether the incoming administration is lowballing its plans in an attempt to get bipartisan consensus. […]”
More stimulus notes
http://krugman.blogs.nytimes.com/2009/01/07/more-stimulus-notes/
“[…] I’d guess that the CBO estimate, which has unemployment averaging 8.3 percent in 2009 and 9 percent in 2010, is actually too optimistic (see 3, below), but even so it puts the Obama plan in perspective: a 3% of GDP plan, with a significant share going to ineffective tax cuts, to fill an 8% or more gap. […]”
