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Krugman - Obama's Bonerization - For those who think the prez isn't an appeaser [View All]

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Doctor_J Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-19-10 06:58 AM
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Krugman - Obama's Bonerization - For those who think the prez isn't an appeaser
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This is a couple days old, but explains very lucidly MY complaint about the president's first 2 years. He was elected to reject and negate Boner's ill-reasoned plans. Instead...

http://krugman.blogs.nytimes.com/2010/10/16/the-boehnerization-of-barack-obama/

The Boehnerization of Barack Obama

Why has stimulus become a dirty word? Many reasons, I guess: an inadequate plan combined with a wildly overoptimistic forecast was more or less guaranteed to create the impression of a failed program. But it’s also true that the president himself has had a deeply self-destructive tendency to echo his opponents’ arguments. My original invisible bond vigilantes post was inspired, in part, by Obama’s decision to go on Fox News and declare that we needed to cut the deficit to avoid a double dip. Then, in July, he repeated almost verbatim John Boehner’s justly mocked claim that since the private sector is tightening its belt, the government should do the same.

And he’s done it again:

Nonetheless, Obama said that just as people and companies have had to be cautious about spending, “government should have to tighten its belt as well. We need to do it in an intelligent way. We need to make sure we do things smarter, rather than just lopping something off arbitrarily without having thought it through.”

As I wrote back in July,

We’ll never know how differently the politics would have played if Obama, instead of systematically echoing and giving credibility to all the arguments of the people who want to destroy him, had actually stood up for a different economic philosophy. But we do know how his actual strategy has worked, and it hasn’t been a success.



Comments after the article pretty much spell out the disaster that Obama has wrought by bowing to every failed idea put forth by the psychos who got us into this mess in the first place.
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