Krugman On McCain Presidency

“Ben Bernanke and (I think) Hank Paulson understand we could have another Great Depression if we work at it hard enough. I think Phil Gramm might be just the guy to do it.”
Paul Krugman, on Countdown 9/15/08

The reason for the statement was Krugman's belief that Phil Gramm will undoubtedly be in a McCain administration, probably Sec. of Treasury. Gramm is responsible for this financial failure, and Krugman believes Gramm has more failure left in him.