Krugman notices that President Obama hasn’t really been a big spender.
Spending as a percentage of GDP is around 19 percent. It’s midrange. Spending peaked in 1987, during the Reagan presidency, at around 21.5 percent.
Now can we pass more stimulus and create more damn jobs?! Of course, before that happens, Congress needs to unf-ck itself and realize that deficit reduction is really stupid (at this point).