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Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

By Kevin Spak, Newser Staff

Posted Aug 10, 2009 8:22 AM CDT

(Newser) – The economy isn’t in great shape, but we’re going to avoid Great Depression II, writes Paul Krugman in the New York Times. “What saved us? The answer, basically, is big government.” Unlike the private sector, the government didn’t decrease spending... Read full story »

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'Serpent Pastor' Dies of Snake Bite

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Big Government Prevented Great Depression II

...And Republicans kept demanding that it step aside and allow it

government spending • Paul Krugman • economic stimulus package • economy • financial crisis • Wall Street bailout • big government

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More Newser Stories

It's Too Soon for Feds to Ease Up on Economy

If Washington cuts off the cash, recession will worsen: Krugman

Krugman: Obama Can't Take Crutches Away Too Soon

Government must remain involved for economy to gain new footing

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Bush administration 'creatively working' on financial crisis

Government Isn't Bigger

Obama hasn't expanded spending—and that's too bad

US Economy Needs Less Caution, More Spending

Forget deficit; fret over threat of 'lost decade'

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