How you know it is getting ugly out there: Paul Krugman.

“President Barack Obama, under pressure to bolster the U.S. economy, said on Monday he and his economic advisers are discussing additional steps to generate job growth such as more tax cuts for businesses.” (Reuters)

Officially, Paul Krugman is not one of Obama’s aforementioned economic advisers, but technically there may be a difference.

Paul Krugman, Keynesian worshiper through and through, is always arguing for government intervention and/or defending the current administration’s policies. That alone is frustrating enough. But reading his typically short-sighted economic “thought pieces” so graciously published in The New York Times can make your head hurt.