His message: Even after everything we’ve been doing to help the economy over the past 3 years, the economy is still suffering. The recovery isn’t working so well. So, let’s keep doing exactly what we’ve been doing.
In other words, we’re not out of the hole we’ve dug for ourselves yet, so let’s keep digging deeper.
Thus is demonstrated the cognitive disconnect of this so-highly cited economist. Remember this the next time someone cites Krugman in defense of government control over the economy.