Tax cuts for business

President Obama has signed into law the Small Business Jobs Act which, among other things, will allow all businesses to write-off 50 percent of the cost of depreciable property purchased and placed in service anytime during 2010.

Krugman is right

I'm a fan of Paul Krugman. Not just because of that Princeton thing. He makes sense to me and so often is proven correct. This op ed piece makes worrying about the future seem so rational. Money quote after the jump.