Krugman on Romney's Economic Advisors

          Here's an article written by Paul Krugman last week, in which he says that the U.S. is finally "recovering in earnest." The article has a political message in that it is meant to discredit those who favor Romney's economic plan, who believe that this recession is similar to the recessions in 1981-2 and that it is the mere presence of Obama in the White House that is discouraging economic success. he makes a point that is not strongly highlighted in his book "The Return of Depression Economics."
          In the article, he makes the distinction between this recession as a financial-crisis recession and the 1981-2 recession as a "postmodern recession," which are brought on by high interest rates. As Krugman argues in his book that a lack of understanding worsened the recession, it is important to make sure that we fully understand the nature of the crisis and of this current recession if we are to overcome it and prevent future crises (190).
          If Krugman is right that our economy is already well on the road to recovery, this will mean that regardless of who is elected today, the next President will have the opportunity to start with a much healthier economy. What will this mean for the next four years? Perhaps it will provide a free political range for the candidates to carry out their objectives, or considering there will be divided government with a Republican House maybe there will be greater partisanship.