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The Liberal Bears
ByKrugman and Reich are not seeing the green shoots. Here's Krugman, still trying to sell a second stimulus:
[The WSJ's economic forcasters] outlook is quite bleak: on average, the surveyed economists expect unemployment to rise to 10 percent, still be 10 percent in June 2010, and fall only to 9.5 percent by the end of 2010. And a fair number of the forecasters including Jan Hatzius of Goldman, whose analysis I follow closely, and has been spot on so far think that unemployment will actually rise through 2010.
