10/08/2012 08:26 am ET Updated Dec 08, 2012

Krugman Bashes Jack Welch's 'Nonsense'

If anyone had doubts about the madness that has spread through a large part of the American political spectrum, the reaction to Friday's better-than expected report from the Bureau of Labor Statistics should have settled the issue. For the immediate response of many on the right -- and we're not just talking fringe figures -- was to cry conspiracy.

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