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PAUL KRUGMAN: Stay the Course

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Republicans, providing a bit of comic relief, are saying that the stimulus has failed, because the enabling legislation was passed four months ago - wow, four whole months! - yet unemployment is still rising. This suggests an interesting comparison with the economic record of Ronald Reagan, whose 1981 tax cut was followed by no less than 16 months of rising unemployment.

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At www.nytimes.com

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