Paul Krugman: Economic situation more dire than I thought a week ago

[Kurt_and_Hunter]

Krugman (on KO) says he still doesn't like the bill, but that he supports its passage because he has come to believe that the situation in the credit markets is worse than he had thought a week ago.

Paraphrasing: "It would be nice to spend a month or two working on a better proposal, but we don't have that kind of time."

I really like Krugman. He comes off as having less of an agenda than most and has that all-too-rare desire to be right, rather than merely to be perceived as being right.