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Paul Krugman: "Aren't you glad that Obama watered down the stimulus bill?"

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 10:52 PM
Original message
Paul Krugman: "Aren't you glad that Obama watered down the stimulus bill?"

Paul Krugman
New York Times
January 28, 2009
January 28, 2009, 6:59 pm

The House has passed the stimulus bill with not a single Republican vote.

Aren’t you glad that Obama watered it down and added ineffective tax cuts, so as to win bipartisan support?

http://krugman.blogs.nytimes.com/2009/01/28/zero-lower-bound/
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ulysses Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 10:53 PM
Response to Original message
1. I know it'll make me sleep better tonight.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 10:55 PM
Response to Original message
2. Better Believe It, thank God you are here. I was waiting for you!
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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:02 AM
Response to Reply #2
27. DANG! I was just fixing to post that cartoon myself!
I have the highest respect for Paul Krugman, as well as other such critics. We NEED them! But I've also grown to admire Obama's ability to "think 3 moves ahead"! He has (and in good faith!) reached his hand across the aisle, as he had promised to do. But those miserable corksuckers SPAT in that outstretched palm! THEY, and not HE, will be judged by the American public accordingly. He might then be in a better position to put some teeth in that bill when it's finished.

pnorman
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:38 AM
Response to Reply #2
41. Krugman is bashing Obama again, as he has since the primaries. What else is new?
Edited on Thu Jan-29-09 10:09 AM by ClarkUSA
He's an idiot when it comes to the reality of governing for all Americans, not just for a PUMAish professor at Princeton.
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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:26 PM
Response to Reply #41
48. I'm sure he has some
good ideas but when he gratuitiously bashed Obama in the primaries..I lost interest in what he had to say.

Krugman went out of his way to slice and dice Obama and I'm not sure facts were that important to him.

Obama is the President and he will do it his way..not the way of the mean spirited Krugman.
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 01:57 PM
Response to Reply #48
50. I know him from my days as a graduate student at Princeton and he's a twitchy mess of a man.
Edited on Thu Jan-29-09 02:01 PM by ClarkUSA
There's alot I could say about him but I won't right now. Basically, you're right about Krugman's MO and his mean-spirited PUMA
character. Team O feels the same way we do about him. Barack is flicking dirt off his shoulders right about now.

;)




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Cha Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:16 PM
Response to Reply #50
55. Thanks for bringing up that
Edited on Thu Jan-29-09 02:24 PM by Cha
image of Obama flicking the dirt specks off his jacket. It's priceless and actually works!

Spelling.
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 03:29 PM
Response to Reply #55
61. I love that image, too.
Notice how Krugman keeps complaining but has never offered no concrete plan of his own? President Obama even
pointed it out during a news conference, saying he'd welcome Krugman's plan if he had one.

Heh. :hi:


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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 10:58 PM
Response to Original message
3. self delete
Edited on Wed Jan-28-09 11:05 PM by Kurt_and_Hunter
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:02 PM
Response to Reply #3
7. Got Me!
Read the headline and I was ready to pounce...



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thunder rising Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 10:59 PM
Response to Original message
4. This is just a warm up to the big games. We need to have reasons to get rid of the dead weight in
the second half of Obama's first term. The Republicans are doing a great job of giving us ammo to use against them next year.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:04 PM
Response to Reply #4
9. I think that's true. But wish the bill had been bolder.
FDR: Me too! I wish it had been bolder. Seize the opportunity, man!
ER: And how! What a grand opportunity this is!


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Fovea Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:00 PM
Response to Original message
5. And in the Senate, Reid...
Edited on Wed Jan-28-09 11:03 PM by Fovea
I so wish they'd put Keynes into full dramatic WW 2 scale action.

A full FDR scale package, and if more than three Repubs cross, we win the psychological battle too.

This is the like a second confederacy.
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:01 PM
Response to Original message
6. There are actully less tax cuts now than what Obama sent over
Edited on Wed Jan-28-09 11:01 PM by Thrill
The House did a good job. Some of the stuff they took out didn't need to be in there anyway
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Jan-28-09 11:03 PM
Response to Original message
8. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:04 PM
Response to Reply #8
11. You do have to go on record as trying to play 'nice'. nt
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:04 PM
Response to Original message
10. It May Be Worth It, Long Term
Actually, I think it might be worth it in the end - the Rethugs are like Rottweilers (well, mentally-impaired Rottweilers). In any case, in order to come around they need love, AND they need to know who's boss. And it takes a while.

While I'm skeptical about what Obama's trying to do, I applaud it, support it, and hope like hell that it works, because if it doesn't work the world will soon be a far nastier place than it is now.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:07 PM
Response to Original message
12. So Krugman wants Obama to act like Bush did, except from the leftist perspective
Sorry, ain't going to happen. Obama isn't that guy and we've known this for months.
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:12 PM
Response to Reply #12
14. Yeah, that's exactly what he wants...
It couldn't possibly be that he wants a better bill that would help the economy more.

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Life Long Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:26 PM
Response to Reply #14
20. He's obviously instigating trouble.
Going into this, it was said, we would do this with or without them. Now it goes to the senate.
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last_texas_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:16 PM
Response to Reply #12
16. Yeah, but the sad thing is that * was able to pick up more Democratic crossovers
by behaving like a partisan asshole who never made any substantial effort to gain Democratic votes. The Repugs are so ideological and obstructionist that they aren't going to support legislation with Democratic origins, regardless of whether our party makes a substantial effort or makes no effort to win their support, simply because it is legislation with Democratic origins.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:26 PM
Response to Reply #12
19. Krugman isn't the only one who believes that Obama needs to act like a strong leader
who can take on Wall Street and corporate crooks and their political whores. That's what most Americans want to see.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:29 AM
Response to Reply #19
35. Truth! n/t
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 06:55 PM
Response to Reply #19
59. correct
only idiots would call it "Obama bashing"
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Christine Babineau Donating Member (37 posts) Send PM | Profile | Ignore Thu Jan-29-09 12:14 AM
Response to Reply #12
29. The analogy is flawed in my view
Bush sought bipartisan support, and he got it from spineless Democrats who helped him get us in to Iraq and pass the Patriot act, immunity for Telecoms, etc.

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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 07:47 AM
Response to Reply #29
36. That's a problem with spineless Democrats, not Obama.
Edited on Thu Jan-29-09 07:47 AM by high density
And Bush was successfully framing the issue as protecting America or being with the terrorists, and the "spineless" were afraid of not getting re-elected.
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Thrill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:18 AM
Response to Reply #12
30. Yeah and then the Dems pay the price in the mid terms
Obama has to make it seem like he is including them. Thats what he ran on. And as long as he does that, he provides political cover for the Dems in the mid terms.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 10:24 AM
Response to Reply #30
44. Apparently, you must not have lived though- or have forgotten 1992-94
Edited on Thu Jan-29-09 10:25 AM by depakid
'cause that's precisely what people were saying then....

Worked out nicely, eh?
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uponit7771 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:16 PM
Response to Reply #44
54. Right, dems will lose anyway...might as well go down fighting and they MIGHtT stay alive
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:37 AM
Response to Reply #12
40. My bet is that he wants stupid people to finally learn
Edited on Thu Jan-29-09 09:37 AM by depakid
and not end up with a replay of 1994.
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MarjorieG Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:08 PM
Response to Original message
13. Since this is just the beginning, GOP now wanting jobs, infrastructure, they win, we win.
I know that's not what you want to hear, but letting the losers save face gets us some agreement later on. And the future tougher with health care and entitlements.

The Senate gets to put more into infrastructure, etc, and we'll get some GOP to vote on it later-or not, but Obama wins in the political theater of leading. The public wants bi-partisan.

Krugman has always had a tin political ear, yelling health care mandates no expert wants, while dissing Obama.
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DontTreadOnMe Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:21 PM
Response to Reply #13
18. Are you sure?
Edited on Wed Jan-28-09 11:22 PM by DontTreadOnMe
re: "the public wants bi-partisanship"

What evidence do you have that the public REALLY wants this?
Eveything I have read, the public wants solutions.

If the GOP is going to obstruct, you can't have bi-partisanship.

Krugman is right on this issue.
Give the country the correct stimulus plan, not the one that will make some of your politcial opponents happy.

I thought elections had consequences? Steamroll over the people that have screwed us for the last 8 years, don't try to compromise with them.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:31 PM
Response to Reply #18
21. We had 8 years of bi-partisanship collaboration with Republicans! I'm sick of it!
When did the Democratic leadership in the House or Senate challenged Bush's policies or appointments? I can only think of one time and that was over four years ago. Social Security privitization.

What Bush legislation bills or appointments were filibusterd by Democrats in the Senate?

Answer.

None.

That was bi-partisanship in the extreme.

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TankLV Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:56 PM
Response to Reply #13
24. Yeah - who the hell is Krugman anyway - just a Nobel Laureat...
and he's only been RIGHT ON EVERY FUCKING THING so far...

let's see - believe all the self-appointed "experts" or the REAL experts with a PROVEN track record...

hard to choose...
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QC Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:59 PM
Response to Reply #24
26. Yeah, but the fanboiz and fangurlz here despise him. n/t
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Bluenorthwest Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 10:20 AM
Response to Reply #13
43. The public cares not for 'bi-partisan' or any of the other
Beltway key party games. The public wants stability, solutions, and bold leadership. The public wants our votes to mean what they are supposed to mean. The public would like to see justice that is non partisan, and jails every complicit politician on both sides. The public is in peril, and cares not for the indulgent school yard games you promote, and that the Beltway thinks is the Law of Nature.
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Still Sensible Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:14 PM
Response to Original message
15. It's all good
the giveaways weren't major and we'll get the family planning back in a separate bill. The tax relief in the stimulus looks very different from Bush's tax cuts. The bill passed and Obama has the high road. He said he would offer bipartisanship, he did. They get to look like the Hooverites. Serves them right.
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:17 PM
Response to Reply #15
17. Aye!
Clenched fist and all that jazz.
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Occam Bandage Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:33 PM
Response to Original message
22. Krugman seems to be enjoying his new role as lefty gadfly. nt
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grantcart Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 03:40 PM
Response to Reply #22
62. I guess were going to get 8 years of intelligent nanananananaaaa I told you so's
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BeyondGeography Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:42 PM
Response to Original message
23. That's the whole blog post?
Beats working for a living, I guess.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:02 AM
Response to Reply #23
28. Brevity is the soul of wit-- and disgust. Why waste any more breath?
Edited on Thu Jan-29-09 12:06 AM by chill_wind
Obama, not even 2-3 weeks ago, proclaimed emphatically to the national media that if Krugman had ideas, "then we're going to do it."

Silly Mr. Krugman. He believed him.
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Danger Mouse Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 11:57 PM
Response to Original message
25. So, when's the last time you had an OP that was, you know, positive?
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:42 AM
Response to Original message
31. Hey, if the Republicans want to be the party that opposes the stimulus and the tax cuts too...
that's their problem.
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 01:05 AM
Response to Original message
32. Sweet! A cryptic valentine from Krugman.
Krugman attacked the shit out of Obama and did a cursory fly-by over McCain during the election. One can only conclude if McCain had won, Krugman would have stepped back from his politically-charged missives and stuck to economics where he belongs.
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w4rma Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 01:28 AM
Response to Original message
33. Krugman should be working inside the White House. I know he didn't want the job, but he should have
taken it.
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:18 AM
Response to Reply #33
34. Or any of a half dozen other liberal know-nothing economists
Edited on Thu Jan-29-09 02:21 AM by chill_wind
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:29 AM
Response to Reply #33
37. How do you know Krugman didn't want the job? Links please
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ErinBerin84 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:52 AM
Response to Reply #37
42. here ya go
http://nymag.com/news/intelligencer/51386/
(Q&A with Krugman)

Would you be Barack Obama’s Treasury secretary if he asked?

Krugman:I would urge him very much to reconsider. I’m just temperamentally unsuited.



So you would blink.

Krugman: Yes. I don’t want the job. I don’t want any kind of administration job. I think that it’s better for me, the country, and general mental health to have me on the outside.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 12:48 PM
Response to Reply #42
49. Thanks for the link but ....
did Obama ask Krugman to serve the nation in any capacity?

If asked, Krugman might have said yes .... doing his patriotic duty of course.

If he had been asked and declined, Krugman would have lost much credibility and any criticisms he might have would not have much impact.
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ErinBerin84 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:16 PM
Response to Reply #49
53. I still don't think that makes a difference..
Edited on Thu Jan-29-09 02:17 PM by ErinBerin84
He indicated that he wasn't interested....I think he's too much of a rogue anyway, I like him where he is. He had stated other places as well that he was not interested in serving in the administration, I'm surprised it's the first place you have heard it.
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mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:31 AM
Response to Reply #33
38. No it's good he's informing the publc.
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 09:36 AM
Response to Original message
39. I'm sure all of the DLC types and closet Republicans are pleased
as are those who still somehow think that it's in our interest to pander to Republicans- and further failed policies at everyones' expense.

Heck of a job, don't you think?

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kath Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 11:01 AM
Response to Original message
45. This post-partisan shit is good stuff! WHEEE! Keep reachin' across that aisle!
Boy howdy!
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 11:05 AM
Response to Original message
46. No. The Pukes made us trade away principles and effectiveness
making us look weak, and more importantly damaging the stimulus' chances for success when implemented. In return they gave nothing.

The Repukes are not in the stronger position, to put it mildly. But they intend to make the most of their strength and draw clear distinctions.

You have to expect this because, really, THEY HAVE NOTHING TO LOSE.

They are down hard as a party, having (deservedly) taken the rap for everything that's gone wrong for the last 8 years. Moreover, they have been telling the American electorate for a full generation that ONLY THEY can be trusted on the economy. The Democrats they said were closet communists - unAmerican, antibusiness, hostile to anyone trying to better their station in life. The Repuke line on Democrats is one of total disqualification. They don't say we pursue the same goal that they do, only with mistaken approaches. They say what we do is wrong, wrong as in evil, and we do it for reasons that are equally wrong and evil. What the hell do you expect them to say and do now, now that Democrats have been tapped by the people to lead us out of an economic collapse? They can't say Yes, the Democrats' economic stimulus ideas have merit and the Democrats have a lot of worthwhile ideas, we can work alongside them. That would give the lie to everything the Repukes have told America about their own economic "philosophy" and about the Democrats' "evil intentions" for upwards of thirty years. They may as well close up shop and sell the filing cabinets in that case. Their justification as a party would disappear and so would they.

They seek survival in the hope that the economic collapse gets much worse, leading people to blame Democrats in 12 months or 24 months for the absence of significant recovery. If there's a recovery the Democrats will look good for at least one generation. If there isn't one, the Repukes will say We told you those Commie Democrats would just wreck things! We wouldn't compromise our principles to help them wreck America just to "get along".

By forcing us to compromise with them, they increase their chances that there will not be a significant recovery. By refusing to vote for the resulting bill, they can proudly claim not to have compromised with the "Democrat Party" in its goals to takeover the country with "Godless Soshulizzum!"
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ieoeja Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 11:38 AM
Response to Original message
47. I love it! Republicans voted to raise taxes! n/t
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cottonseed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:02 PM
Response to Original message
51. Either Krugman doesn't get it or he's just stirring up shit.
Either way... not so Nobel of him.
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Barack_America Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 02:05 PM
Response to Original message
52. Krugman doesn't seem to have a very good understanding of political strategy.nt
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 06:07 PM
Response to Reply #52
57. You mean surrending to Republicans? Right, he doesn't get that at all!
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dkofos Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 04:33 PM
Response to Original message
56. There is still time to fix it before the Senate votes on it.
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Norrin Radd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 06:08 PM
Response to Original message
58. It's interesting how carefully the NYT manages comments.
They didn't post mine.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-29-09 06:58 PM
Response to Original message
60. i applaud President Obama for trying. i'm sure he'll think twice next time...i would.
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Phx_Dem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 06:13 PM
Response to Original message
63. It doesn't really matter because it will be changed in the
Senate and, hopefully, the House-added tax cuts will be removed. But Obama can still claim he reached out to the repulsive Boner-types and all he got in return was a giant fuck you. He looks good, they look like assholes.




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MasonJar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 07:16 PM
Response to Original message
64. It didn't work to work with the GOPers, so take the tax breaks for the Gopers back out
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SergeyDovlatov Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-31-09 01:17 AM
Response to Original message
65. can they remove those in a conference?
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