Where has James Surowiecki been for the past nine months (Fifty ways to kill recovery, New Yorker, July 27, 2009: 23). Last October, Paul Krugman predicted this in the New York Times.
What I cannot understand is why Congress doesn't approve a second stimulus that gives each state 25% of its 2007 budget. This would enable each to maintain employment and services and prevent state and federal governments working at cross purposes.
It is still not too late to do that. It might even be something that Democrats and Republicans could agree on.
Sent to New Yorker