Mankiew is a much smarter and much more ethical economist than Paul Krugboy [can anyone spell "Enron Advisor." Read the link in the NYT & consider why according to Bob Woodward's book, the foursome of Boehner, Reid, Pelosi & McConnell all were ready for the debt ceiling deal, but Obungler refused and instead the insane fiscal cliff was forced upon the nation.
Or maybe that's what the retarded liberal dunce Obungler wanted all along---for the epic fail in the US economy caused by higher taxes and defense cuts.
"Much have I seen and known; cities of men And manners, climates, councils, governments, ...the fortune of us that are the moon's men doth ebb and flow like the sea, being govern'd, as the sea is, by the moon" [Henry IV, I.ii.31-33] HISTORY NEVER REPEATS ITSELF, BUT IT OFTEN RHYMES "There is a Providence that protects idiots, drunkards, children and the United States of America." Otto von Bismarck
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