Larry Elder : Krugman: Bush's Deficit Bad, Obama's Deficit Good - Townhall.com

Larry Elder : Krugman: Bush's Deficit Bad, Obama's Deficit Good - Townhall.com:

Left-wing economist, Nobel laureate and New York Times columnist Paul Krugman hates deficits in tough economic times -- when the president of the United States is named George W. Bush.

Krugman, in a November 2004 interview, criticized the 'enormous' Bush deficit. 'We have a world-class budget deficit,' he said, 'not just as in absolute terms, of course -- it's the biggest budget deficit in the history of the world -- but it's a budget deficit that, as a share of GDP, is right up there.'"