This article titled "Revenge of the Glut" by Paul Krugman in The New York Times addresses the current issues faced in the economic crisis of our nation. It also speaks of the same issues being faced in other places worldwide. It looks at what happened to get the situation as bad as it is.
The "revenge" is that our nation has ended up in this crisis due mainly to poor choices made in lending and by the fact that there have been more imports made and too few exports of this country's goods. The article even mentions that the American banking system hid risks and fooled investors.
Overall the article attempts to explain the reasons behind our nation's current economic problems. It attempts to explain to the average American citizen what actions and which people are to blame for our current situation. The ending sentence pretty much says what's important..."We're still looking for the way out."
