Paul Krugman Nailed It Today

Or so I think. The title, Fifty Herbert Hoovers, summarizes the case as it moves quickly from indictment --

No modern American president would repeat the fiscal mistake of 1932, in which the federal government tried to balance its budget in the face of a severe recession. The Obama administration will put deficit concerns on hold while it fights the economic crisis.

to conviction --

But even as Washington tries to rescue the economy, the nation will be reeling from the actions of 50 Herbert Hoovers — state governors who are slashing spending in a time of recession, often at the expense both of their most vulnerable constituents and of the nation’s economic future.

This column is well worth reading for energizing our messages to Governor Paterson that pulling in your belt is a bad idea when said belt is draped around your neck. Check it out.