View Full Version : Paul Krugman: "I'm Pretty Close To Giving Up On Obama"

01-21-2010, 04:19 AM
Paul Krugman: "I'm Pretty Close To Giving Up On Obama,He Wasn't The One We've Been Waiting For.":D:D:D

Jeez, the loss in Massachusetts, and the one-year anniversary of Obama's inauguration is really bringing the frustration with Obama to a head.

The final paragraph is devastating:

Maybe House Democrats can pull this out, even with a gaping hole in White House leadership. Barney Frank seems to have thought better of his initial defeatism. But I have to say, Iím pretty close to giving up on Mr. Obama, who seems determined to confirm every doubt I and others ever had about whether he was ready to fight for what his supporters believed in.

This is bad news for The White House. Krugman wields considerable influence, and many of his devotees look to his judgment on topics like: financial reform, cap & trade, healthcare, stimulus, jobs creation etc.

If The White House has really lost Krugman, they've lost a valuable asset.

ralph wiggum
01-21-2010, 10:47 AM
If the White House has really lost Krugman, they've lost a valuable asshole.


01-21-2010, 11:08 AM
Fixed.Primo Assa_Holeah!:cool:

01-21-2010, 01:35 PM
I couldn't agree more. He's a pseudo-economist who thinks that he holds infinite wisdom for everything. Just look at how he uses the broken window fallacy for 9/11.


So the direct economic impact of the attacks will probably not be that bad. And there will, potentially, be two favorable effects.

First, the driving force behind the economic slowdown has been a plunge in business investment. Now, all of a sudden, we need some new office buildings. As I've already indicated, the destruction isn't big compared with the economy, but rebuilding will generate at least some increase in business spending.

Second, the attack opens the door to some sensible recession-fighting measures. For the last few weeks there has been a heated debate among liberals over whether to advocate the classic Keynesian response to economic slowdown, a temporary burst of public spending. There were plausible economic arguments in favor of such a move, but it was questionable whether Congress could agree on how to spend the money in time to be of any use -- and there was also the certainty that conservatives would refuse to accept any such move unless it were tied to another round of irresponsible long-term tax cuts. Now it seems that we will indeed get a quick burst of public spending, however tragic the reasons.