… if this is the level of coherence, grasp of reality, and honesty that is really at work in his understanding of domestic fiscal policy, then we are in even worse trouble than we thought. We have a captain on the fiscal Titanic who thinks he’s in the Caribbean.
I’m glad to know that Mr. Sullivan has (finally) noticed. But I agree with Brad DeLong in thinking that Mr. Sullivan owes an apology to Professor Krugman, who has endured 3 1/2 years of abuse from Mr. Sullivan and his friends as punishment for having noticed the disconnection between Mr. Bush’s stated fiscal worldview and reality 3 1/2 years ago.