March 31, 2009

TOM MAGUIRE NOTES A PAUL KRUGMAN BELLYFLOP on the PBGC story. With a huge supporting cast! “My free advice to my friends on the left – sometimes reporters exaggerate and hype their story a bit (really!), so critical reading skills should be applied even if the reporter is bashing Bush. In the Globe story, to pick an example almost at random, the reporter explained breathlessly that the PBGC had decided to invest in equities but waffled on whether the decision had actually been implemented. Looks like April Fool’s came early for some people.”