Wow. This is just about the nastiest insult liberals can dish out:
I’m not too happy with the policy justifications we’re getting from the administration. It’s perfectly clear that the stimulus was too small; I think they know that too. But they’ve made a political judgment that (a) they can’t push another round through and (b) the thing to do right now is defend the policy they already have.
Maybe they’re right. But it does bring back unpleasant echoes of what I thought of as the Bush administration’s Vegematic approach to tax cuts: it slices, it dices, it purees! In other words, whatever policy they had been advocating in the past was still the perfect answer to whatever problems the economy faces now.
Krugman follows by asserting that ‘Obama is nothing like Bush.’ Right – except for trying to sell his preconceived spending agenda as the perfect answer for everything that was wrong with America, he’s nothing like Bush.
It’s worth noting the implicit criticisms Krugman levels: Obama either doesn’t understand the problems with the economy or lacks the conviction to address those problems. Chalk up one more case of buyer’s remorse.
Moe Lane
Steve Maley
Daniel Horowitz
Jake Walker
Victoria Coates
You'd think even Krugman might realize
drothgery Monday, July 13th at 5:46PM EST (link)… that if nearly $2 trillion in ‘stimulus’ hasn’t done much good (between Stimulus I under Bush, Stimulus II under Obama, TARP and the other bailouts), even Obama is going to think calling for more just might not be a good idea.
What blows my mind is how the GOP doesn't challenge the Dem motive for waiting to spend most of the stimulus next year
Mike gamecock DeVine (Diary) Monday, July 13th at 9:48PM EST (link)rather than now.
Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson
There's a reason it's called "brain dead."
Flagstaff (Diary) Monday, July 13th at 11:07PM EST (link)They miss a lot.
OTOH, it may be that some have been pointing it out, but nobody is reporting it.
I’m still torn between “cunning” and “incompetent” for the Dems.
“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964
I wouldn't call it "buyer's remorse" exactly
DFLer Monday, July 13th at 7:32PM EST (link)Krugman has never much liked the guy (Obama), going back to when he shredded Obama’s health care and economic policy proposals during the primaries.
He’s been tepid since the nomination and election, never reluctant to shred (or praise). He complained a lot about the stimulus in February when it was being written, saying it wasn’t targeted well and that it was too small. I think most people here would agree with Krugman that it wasn’t targeted well, while disagreeing with Krugman on the size.
Krugman's work may have merited the Nobel Prize, but
Flagstaff (Diary) Monday, July 13th at 11:33PM EST (link)it was for a specific and narrow area of Economics. Yet even his supporters can suggest that it may have been politically motivated to boost Obama. From a responder to Marginal Revolution (blog).
It’s very hard to take Krugman seriously, because he makes so many assertions against nature. But maybe even he can see writing on the wall if it’s in Crayola.
Maybe the comment last week should have been “When you’ve lost Helen Thomas and Paul Krugman, you’re in trouble.”
“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964
I just don't understand
aesthete (Diary) Monday, July 13th at 11:39PM EST (link)How a man whose predictions have been so wrong can still be hailed as a Cassandra. I haven’t read the work for which he got the Nobel (if I remember correctly, it was on international economics), but I do know that his particular brand of Keynesianism would even make John Maynard Keynes (who was quite brilliant, if wrong) blush from shame.
The act of defending any of the cardinal virtues has today all the exhilaration of a vice – G.K. Chesterton
Right on all counts. nt
Flagstaff (Diary) Monday, July 13th at 11:55PM EST (link)“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964
The Nobel hasn't meant anything for a long time
kyle8 (Diary) Monday, July 13th at 11:39PM EST (link)at least nothing more than childish anti-capitalism and anti-Americanism.
In fact it hasn’t meant diddly squat since they gave the peace prize to AssHair Yellowfat.
“Nothing works like freedom, Nothing succeeds like liberty”
Kyle
And to think in my youth we called it the Goebel Prize
6eorge Jetson (Diary) Tuesday, July 14th at 12:04AM EST (link)Bottom of the barrel Stroh’s. I’m not sure now which of the two we were mocking.
Krugman always denies reality
Princeliberty Tuesday, July 14th at 9:41AM EST (link)Krugman is a man with a great faith in his own fantasy world.
He actually believes if you can only get smart enough group of central planners that can distribute economics resources better than the market.
Krugman can calm down, the second stimulis is coming!
Princeliberty
Krugman always denies reality
Princeliberty Tuesday, July 14th at 9:41AM EST (link)Krugman is a man with a great faith in his own fantasy world.
He actually believes if you can only get smart enough group of central planners that can distribute economics resources better than the market.
Krugman can calm down, the second stimulis is coming!
Princeliberty