re:  Close door on "zombie economics"

In ranting against the supposed failures of free markets and individual liberty, Paul Krugman follows his typical pattern of selective indignation, cherry picking his examples of failed predictions.  For example, writing in January 2009, Dr. Krugman predicted that the unemployment rate could possibly reach 9% — without government "stimulus" spending, but that the package offered by President Obama "would cut that to 7.3%".  President Obama's own economists predicted that passage of the so-called "stimulus package" would keep unemployment below 8% — another failed prediction.  According to the Bureau of Labor Statistics, the unemployment rate has not fallen below 9.5% in the past 16 months.

Further assertions that the massive spending bill was full of "shovel-ready projects" proved another failed prediction — one followed a year and a half later with an admission that "there's no such thing as shovel-ready projects."

The dramatic increase in government spending has failed even by the criteria of its own advocates, yet Dr. Krugman advocates more of the same.  Government forecasts have been consistently wrong, yet he wants us to continue to use them, spending the country even further into debt.

Exactly who's the zombie here?

Sincerely,
Dave Smith
Houston, TX