Yesterday Paul Krugman blogged about how either success or failure will occur in the economic recovery that is sluggishly taking place. He had this to offer:

"What we really need now is (a) higher spending and lower trade surpluses in surplus nations, China especially but also Germany (b) some big driver of investment, such as green technology. Absent those things, it’s hard to see how we get a durable recovery."

I think these suggestions were made a couple of days ago on this very blog. (see "America Needs Some Work.....") Paul Krugman is a Nobel Prize winning economist specializing in international trade who teaches at Princeton and writes (and blogs) for the New York Times.

--Mike