Paul Krugman: It’s the Economy Stupor

By rights, John McCain should be getting hammered on economics.

After all, Mr. McCain proposes continuing the policies of a president who’s had a truly dismal economic record — job growth under the current administration has been the slowest in 60 years, even slower than job growth under the first President Bush. And the public blames the White House, giving Mr. Bush spectacularly low ratings on his handling of the economy.

Meanwhile, The Times reports that, according to associates, Mr. McCain still “dials up” Phil Gramm, the former senator who resigned as co-chairman of the campaign after calling America a “nation of whiners” and dismissing the country’s economic woes as nothing more than a “mental recession.” And Mr. Gramm is still considered a top pick for Treasury secretary.