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ProSense

(116,464 posts)
Mon Jun 4, 2012, 09:55 AM Jun 2012

Krugman: This Republican Economy

This Republican Economy

By PAUL KRUGMAN

What should be done about the economy? Republicans claim to have the answer: slash spending and cut taxes. What they hope voters won’t notice is that that’s precisely the policy we’ve been following the past couple of years. Never mind the Democrat in the White House; for all practical purposes, this is already the economic policy of Republican dreams.

So the Republican electoral strategy is, in effect, a gigantic con game: it depends on convincing voters that the bad economy is the result of big-spending policies that President Obama hasn’t followed (in large part because the G.O.P. wouldn’t let him), and that our woes can be cured by pursuing more of the same policies that have already failed.

For some reason, however, neither the press nor Mr. Obama’s political team has done a very good job of exposing the con.

What do I mean by saying that this is already a Republican economy? Look first at total government spending — federal, state and local. Adjusted for population growth and inflation, such spending has recently been falling at a rate not seen since the demobilization that followed the Korean War.

How is that possible? Isn’t Mr. Obama a big spender? Actually, no; there was a brief burst of spending in late 2009 and early 2010 as the stimulus kicked in, but that boost is long behind us. Since then it has been all downhill. Cash-strapped state and local governments have laid off teachers, firefighters and police officers; meanwhile, unemployment benefits have been trailing off even though unemployment remains extremely high.

- more -

http://www.nytimes.com/2012/06/04/opinion/krugman-this-republican-economy.html


14 replies = new reply since forum marked as read
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Krugman: This Republican Economy (Original Post) ProSense Jun 2012 OP
I agree completely with his position, though I do think he Marr Jun 2012 #1
A-Men! vi5 Jun 2012 #2
Don't agree. ProSense Jun 2012 #3
Agreed ... 1StrongBlackMan Jun 2012 #9
Indeed. woo me with science Jun 2012 #5
+100 RC Jun 2012 #8
I want to throw dead fish kenfrequed Jun 2012 #10
Wha? Don't over think it, just vote a straight Democratic ticket! xtraxritical Jun 2012 #11
Ain't a gonna happen! RC Jun 2012 #12
If... kenfrequed Jun 2012 #14
K&R. Thanks for posting. n/t Egalitarian Thug Jun 2012 #4
Krugman is incredible longship Jun 2012 #6
2 little words Iwillnevergiveup Jun 2012 #7
in other words MORE TRICKLE DOWN. pansypoo53219 Jun 2012 #13
 

Marr

(20,317 posts)
1. I agree completely with his position, though I do think he
Mon Jun 4, 2012, 10:06 AM
Jun 2012

gives Obama a bit more credit than he deserves here. Our economy is very much the right-wing dream at present, but it's largely because our political establishment as a whole-- not just the Republicans-- have been pushing this "elites first" garbage for years. Yes, the Republicans have obstructed everything they could, but the number of right-wing positions that have been wholesale adopted by the Democratic establishment is itself enough to make us a trickle-down nation.

 

vi5

(13,305 posts)
2. A-Men!
Mon Jun 4, 2012, 10:23 AM
Jun 2012

I know Krugman's probably trying to play it safe in an election season, but you are 100% correct.

ProSense

(116,464 posts)
3. Don't agree.
Mon Jun 4, 2012, 10:26 AM
Jun 2012

"I know Krugman's probably trying to play it safe in an election season, but you are 100% correct."

Krugman knows the deal:

At this point, however, Mr. Obama and his political team don’t seem to have much choice. They can point with pride to some big economic achievements, above all the successful rescue of the auto industry, which is responsible for a large part of whatever job growth we are managing to get. But they’re not going to be able to sell a narrative of overall economic success. Their best bet, surely, is to do a Harry Truman, to run against the “do-nothing” Republican Congress that has, in reality, blocked proposals — for tax cuts as well as more spending — that would have made 2012 a much better year than it’s turning out to be.


Add health care reform to the list because Krugman sees it as one of the biggest game changers.

 

1StrongBlackMan

(31,849 posts)
9. Agreed ...
Mon Jun 4, 2012, 11:17 AM
Jun 2012

I wonder if President Obama is approaching this campaign in a "lawyerly" way ... That is building a case, by slowly and thoroughly, introducing one element at a time, because the public is simple and has a very short memory. Things need to be spelled out step by step, word by word.

If so ... He will continue hitting romney on economic stuff, e.g., Bain Capital and romney's record in Mass until late june/mid-July, then he will introduce the "do nothing congress" element throughout July and August.

Then, he will enter his "summation" phase, where he says, "I did this, romney did Bain, while the congress did nothing ...; I did that while the congress did nothing and it produced this, romney brought his 'Bain experience' to Mass that produced 47th in job creation.

By doing this, not only will the Obama Campaigh will benefit; but it hits members of congress as well.

For me, the tell will be if we start seeing democratic congress members introducing jobs bills (in August/September), in the face of the gop's threatening to hold the debt ceiling hostage, again.

One could not ask for a more clear line of demarcation between President Obama AND Democrats vs the gop, that even the most dull among the electorate can follow.

Here's hoping!

woo me with science

(32,139 posts)
5. Indeed.
Mon Jun 4, 2012, 10:33 AM
Jun 2012

This constant, willful, desperate pretending that it comes only from the other side is the single biggest obstacle we face in fixing the problem.

Until Democrats are capable of saying the words "corporate money" and "collusion" and "wrong" without choking on our blue team jerseys, we will never have a unified opposition to this garbage.

 

RC

(25,592 posts)
8. +100
Mon Jun 4, 2012, 11:08 AM
Jun 2012

There are too many Democrats supporting the Republican economy. How can we recover when there are so many (D)'s that should read (R) or even (T) {Treason} in the Democratic Party.

kenfrequed

(7,865 posts)
10. I want to throw dead fish
Reply to RC (Reply #8)
Mon Jun 4, 2012, 11:20 AM
Jun 2012

At the first Democrat that stupidly decided to claim "I'm socially moderate and fiscally conservative."

The fact of the matter was that we needed to make a big left turn to get our ass back on the road and instead we just sort of steadied the wheel abit. I don't entirely blame President Obama. He choose a bad team that regularly and routinely misinformed him and worked hard to undercut every reform idea out there. Suskind's book lays out where much of the blame should lie.

There are people that are more interested in defending the pro-bank policies of the administration and some of the cabinet folk than the president himself. There are also people that want to villify the president with every breath they take. Both of these groups will try to tell you that the president is immune to these cabinet and advisor positions and that all the decisions are precisely what he wanted to do. I don't buy it.

 

RC

(25,592 posts)
12. Ain't a gonna happen!
Mon Jun 4, 2012, 11:47 AM
Jun 2012

I check out who I vote for. As I said, there are too many (R)'s hiding behind a (D). More people need to check out the candidates closer.
The last candidate I could really get behind was Byron Dorgan (D) ND, but he retired and I moved.

http://en.wikipedia.org/wiki/Byron_Dorgan

kenfrequed

(7,865 posts)
14. If...
Mon Jun 4, 2012, 01:36 PM
Jun 2012

If the only other options in the races are (R) then hell yes vote a straight Democratic ticket.

I would extend that to the idiotic "Constitution party," the moronic "libertarian party," or whatever other right wing party that might be on the ticket.

If you absoultely must protest vote at least do it for a party that has a platform that is A: recognizable. B: intelligable. and C: something you might actually believe would be good policy. D: Is actually at least as progressive as the Democrats or a hell of a lot more progressive.

Otherwise I see no reason to not vote Democrat.

Edit I thought you were judging people poorly that voted a straight Democratic ticket. Nevermind.

pansypoo53219

(21,016 posts)
13. in other words MORE TRICKLE DOWN.
Mon Jun 4, 2012, 12:27 PM
Jun 2012

MORE SUPPLY SIDE. even supply siders have faced up to it's NOT WORKING.

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