Doomed!

If you want to kick off your weekend on a positive note, whatever you do, don’t read Paul Krugman’s latest opinion piece. He writes that a Republican takeover of the House will ensure several more years of political instability and economic weakness. I want to believe that things won’t be quite so dire, but it’s difficult to argue with his underlying assumptions. The economy could still recover quickly in spite of Washington gridlock, but most of the economists I’ve read seem to think that’s unlikely. Then again, the future has a tendency to unfold in ways that don’t quite go according to plan.