About a month ago while watching Bloomberg News I heard Krugman say, in effect, we need to double down on the stimulus. Instead of 800 billion it should be 1.5 trillion.

What did he mean in 2008 when he said the original stimulus should be 600 billion?

Krugman: Government Should Spend $600 Billion to Solve Economic Woes
Nobel Prize-winning NY Times columnist tells CNBC government should allocate 4 percent of GDP for 'stimulus.'

By Jeff Poor
Business & Media Institute
11/7/2008 3:38:55 PM

As President-elect Barack Obama sorts out his cabinet and determines who will guide policy through his administration, it’s probably a good thing New York Times columnist Paul Krugman isn’t on his short list.

Krugman appeared on CNBC’s Nov. 7 “Power Lunch” and assigned a price tag to the “progressive agenda” he proposed for Obama in his Nov. 7 New York Times column: $600 billion.

“I think we’re talking 4 percent of GDP or more,” Krugman told host Trish Regan. “We’re talking probably about something like a $600 billion package. We, you got to think big. This is not a case where you want to sort of inch up on the problem. You got to think big and it’s going to be scary.”
http://www.businessandmedia.org/arti...107153513.aspx