http://krugman.blogs.nytimes.com/2010/11/03/the-strange-death-of-fiscal-policy/

The Strange Death of Fiscal Policy

One clear result of the midterms is that we won’t have anything like a further round of stimulus. And this, in turn, means that the narrative all the Very Serious People will tell is that fiscal policy was tried, it failed, and that’s that.

The post goes on with an example.