Yes. You think Paul Krugman is on the case. As always. It never fails to track with him. His track record is quite good. And he is not afraid to change his analysis if the facts demand change.
You hope this isn't true, but you see signs all around you that it probably is...
The hard-right extremists in our midst are crazy, loud, and fact-resistant. And now, in reaction, the hard-left extremists seem intent on being crazy, loud and fact-resistant too.
So it's the Center-Left that seems to stick to reality, and works their vision around the facts. Think Obama, Clinton, Biden, Pelosi, Harry Reid, Elizabeth Warren, Al Franken... you know those folks who actually see clearly and try to come up with real-world solutions.