Krugman: "We're worse of than Japan"

This is a very interesting article that discusses the opinions that economists have on the current economic situation. First, they state their opinion that they believe it is going to be more than just a few years before unemployment drops. Some have predicted that the unemployment will grow before it decreases. This looks like a very possible scenario due to the fact that unemployment has increased to 9.7% from 9.6% after the month of September. It is evident that these economists are disappointed in the policymakers ability to stimulate the economy. These economists suggestions for policymakers consist of the Fed buying a large amount of Treasurys and significant tax cuts before the year is over. The Fed buying back government debts would put more money into the economy and decrease interest rates while tax cuts would encourage spending by consumers which would hopefully stimulate the economy. These are both very good suggestions, but if they are not done on a large enough scale then they might not have much of an impact.