Krugman in his NY Times piece brings up some very interesting observations surrounding GW's efforts in the battle against terrorism. I respect Krugman for his work in the area of economics and really wish he stay focused and write about topics in that field.
I do understand that the actions taken by any sitting-president affect the economy either directly or indirectly. The current fight against terrorism, or Saddam, or Iraq, or the Taliban cost real dollars. Those dollars used to fight the ongoing war against terrorism must come from somewhere. Either the US government has to begin printing up cash like there is 'no tomorrow' or they must sell treasurys to countries like Japan: a country that never gets tired of gorging itself on greenbacks. While it is too early to tell or judge whether GW has been right or wrong to spend so much money on fighting the enemies of the Republic, I believe it is best left to future historians to determine whether GW led the USA wisely or unwisely.
(NY Times.)
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