Krugman tells Olbermann: "It's very likely there's going to be a Stimulus 2.0"

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Economist Paul Krugman gave Keith Olbermann his assessment of the Economic Recovery bill to be signed Tuesday by President Obama.

"Just about all the spending looks like good stimulus," in his view, but the tax cut measures rate at best an "Ehhh ..."

"The sum of it all ... it's not a bad bill at all."

However, he added, "The actual meat in the sausage is not enough meat to feed us in this famine. ... I'm almost sure that we're going to have to come back for more." He added, "It's very likely there' going to be a stimulus 2.0 ..."

Krugman has argued all along that a larger stimulus is needed, and that tax cuts are not especially stimulative.  He cautioned, "It's not going to be a roaring recovery from this bill ... [or] from anything that we do."

A BUZZFLASH NEWS ALERT

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