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Nostradamus of Economics Wants New Deal

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By Ben Cohen

Nouriel Roubini predicted the economic meltdown back in 2006 when most economists thought economic growth would go on forever. Roubini now says a package similar to the New Deal must be passed in the U.S is to recover any time soon. As private demand for goods crashes, the government must step in to replace it by giving people jobs, food stamps, welfare and income support. Let's hope Obama listens to economists like Roubini rather than the idiots who got us into the mess: