[Pity the Poor C.E.O.’s, by Paul Krugman, Commentary, NY Times: Job creation has been disappointing, but first-quarter corporate profits were up 44 percent from a year earlier. Consumers are nervous, but the Dow, which was below 8,000 on the day President Obama was inaugurated, is now over 10,000. In a rational universe, American business would be very happy with Mr. Obama.]
this is not the right standard. to use the same methods, we should be displeased with obama because of the current unemployment figures.
the question is not a linear “what was it then, what is it now?” it’s “what is it now, what would it be if handled differently?”
double standards are not cool.
