"The progressive wing of the Democratic Party has been everything that the reactionary wing of the Republican Party has not: open-minded, pragmatic and respectful of the views of others."
Well, at least, they know their place. They are, you know, "open-minded, pragmatic and respectful of the views of others" unlike their fringe-y radical wingnuts counterpart on the right.
And now Obama wants a spending freeze on non military spending?
When that first emerged someone (I've already forgotten who) commented that Roosevelt made the same mistake in 1937, freezing spending which, of course, increased unemployment. As any moron, even a non economist, should see.
Why didn't Obama simply go down to Wall Street, blow his dog whistle, and when all the sports came tumbling out onto the street he could have gathered them up as his economic team? Oh, but that's what he did.
A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?
It’s appalling on every level.
It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with “the rotting corpse of Andrew Mellon” (Mellon was Herbert Hoover’s Treasury Secretary, who according to Hoover told him to “liquidate the workers, liquidate the farmers, purge the rottenness”.)
It’s bad long-run fiscal policy, shifting attention away from the essential need to reform health care and focusing on small change instead.
And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008. A correspondent writes, “I feel like an idiot for supporting this guy.”
Now, I still cling to a fantasy: maybe, just possibly, Obama is going to tie his spending freeze to something that would actually help the economy, like an employment tax credit. (No, trivial tax breaks don’t count). There has, however, been no hint of anything like that in the reports so far. Right now, this looks like pure disaster.
...............................
It's hard not to share Krugman's dismay. Republican (and this has Herbert Hoover written all over it) or Democrat this was a sublimely dumb thing to do.
I've come to the sad conclusion that My President is, once again, an idiot. Think "Dubbya in black-face" and you'll have an idea of my current mindset.
The Wulfshead club is a well known watering hole for all the strange and unusual people in the world. And for those just passing through... No one's quite sure exactly where the club itself is located, and the very anonymous management likes to keep it that way, but there are authorized access points at locations all around the world, if you know where to look. And if your name's on the approved list. ~Simon Green, Daemons Are Forever
"The progressive wing" of the Democratic Party?
ReplyDelete??!
I know. Who would have thought? A "progressive wing"? In the Democratic Party, out of all places. How fringe-y is that?
ReplyDeleteWell, at least, they know their place. They are, you know, "open-minded, pragmatic and respectful of the views of others" unlike their fringe-y radical wingnuts counterpart on the right.
ReplyDeleteWhat a relief :)
ReplyDeleteUh, does anyone really give a s*%t what Begala has to say? I don't see how this stuck '92ers's opinion can still be considered of any relevance today.
ReplyDeleteOh, I am sorry, was that "disrespectful" of me?
ReplyDeleteThe good news never ends....
ReplyDeleteAnd now Obama wants a spending freeze on non military spending?
When that first emerged someone (I've already forgotten who) commented that Roosevelt made the same mistake in 1937, freezing spending which, of course, increased unemployment. As any moron, even a non economist, should see.
Why didn't Obama simply go down to Wall Street, blow his dog whistle, and when all the sports came tumbling out onto the street he could have gathered them up as his economic team? Oh, but that's what he did.
Krugman today.....
ReplyDeleteJanuary 26, 2010, 9:01 AM
Obama Liquidates Himself
A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?
It’s appalling on every level.
It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with “the rotting corpse of Andrew Mellon” (Mellon was Herbert Hoover’s Treasury Secretary, who according to Hoover told him to “liquidate the workers, liquidate the farmers, purge the rottenness”.)
It’s bad long-run fiscal policy, shifting attention away from the essential need to reform health care and focusing on small change instead.
And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008. A correspondent writes, “I feel like an idiot for supporting this guy.”
Now, I still cling to a fantasy: maybe, just possibly, Obama is going to tie his spending freeze to something that would actually help the economy, like an employment tax credit. (No, trivial tax breaks don’t count). There has, however, been no hint of anything like that in the reports so far. Right now, this looks like pure disaster.
...............................
It's hard not to share Krugman's dismay. Republican (and this has Herbert Hoover written all over it) or Democrat this was a sublimely dumb thing to do.
I've come to the sad conclusion that My President is, once again, an idiot. Think "Dubbya in black-face" and you'll have an idea of my current mindset.
ReplyDelete