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Paul Krugman gave a powerful speech at Netroots Nation Conference, where he claimed that the nation's economic problems are rectifiable however, powerful plutocrats and politicians i.e., members of the Romney clan are preventing our economic crisis from being solved. He goes on to say that Americans are actually living under a "tyranny of very serious people," like Alan Simpson who prevent the improvement of the economy.

Economist and New York Times columnist Paul Krugman on Saturday morning called the current state of the U.S. economy “incredibly awful.”

“If you don’t know multiple people who are suffering, then you must be living in a very rarefied environment,” he said in a brief address to the Netroots Nation conference. “You must be maybe a member of the Romney clan, or something.”

Krugman is out with a new book, “End This Depression Now!”, and he told the progressive gathering that the country’s economic problems are solvable.

“None of this has to be happening. We didn’t have a plague of locusts, we were not hit by a tsunami, there wasn’t some act of God that created this terrible situation. It was acts of man.”

Krugman, who has seen an advance copy of his newspaper’s review of “End This Depression,” dinged the Times’ book review editor.

“The New York Times Book Review is run by Sam Tanenhaus, who is very much a neocon, and makes a point whenever a progressive comes out with a book to find someone who will attack it,” Krugman said. “It’s not really an attack, but the reviewer is shocked at the lack of respect I show for ‘highly respected people,’ I think he uses that phrase.”

Krugman concluded that Americans are living under the tyranny of “very serious people” — people like Erskine Bowles and Alan Simpson, he said. “Solving this depression is not fundamentally an economic problem, it’s a political problem.”

Here is the complete video of Krugman's speech at NN12 (H/T):NJTom
Watch live streaming video from fstv1 at

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