Paul Krugman, my personal pinata, is at it again. He’s weighed in on the Pork-o-licious stimulus package. Yah, and of course, everytime he opens his mouth….his brain leaves the building.
Failure to Rise
By any normal political standards, this week’s Congressional agreement on an economic stimulus package was a great victory for President Obama. He got more or less what he asked for: almost $800 billion to rescue the economy, with most of the money allocated to spending rather than tax cuts. Break out the Champagne!
Or maybe not.
One might have expected Republicans to act at least slightly chastened in these early days of the Obama administration, given both their drubbing in the last two elections and the economic debacle of the past eight years.
But it’s now clear that the party’s commitment to deep voodoo- enforced, in part, by pressure groups that stand ready to run primary challengers against heretics — is as strong as ever. In both the House and the Senate, the vast majority of Republicans rallied behind the idea that the appropriate response to the abject failure of the Bush administration’s tax cuts is more Bush-style tax cuts.
Those BAD bad Republicans! How dare they disagree…with The One. Emperor Obama. The only question I have is…if they got such a ‘drubbing’ in the last 2 elections, why are they not signing on to the package? Could it be, that even moderate Republicans are put off by this spending bill?
Oh, but it gets better.
When’s the last time you heard a Nobel Prize winner in Economics whine about a ‘commitment to deep voodoo‘?
Commitment to VOODOO? Huh?
That always makes for compelling debate. I guess I’ve been checkmated. I mean, afterall, the Republican party is using voodoo! Case closed. There’s your reason why there’s been a ‘Failure to Rise’. It’s hard to argue your point when someone’s using voodoo.
And the rhetorical response of conservatives to the stimulus plan — which will, it’s worth bearing in mind, cost substantially less than either the Bush administration’s $2 trillion in tax cuts or the $1 trillion and counting spent in Iraq — has bordered on the deranged.
I love these numbers….he’s tossing around a trillion here and two trillion there, like pizzas at Papa Johns. Rather than push back on these grossly inflated numbers, I’ll address the actual subject matter.
Tax cuts? Millions of Americans enjoyed the largesse. Whether through small business loans, home loans, tax credits, or an actual tax rebate. I spent my $2000 rebate on improving my home. Yep, hired a few landscapers.
Iraq? The increased military spending, kept thousands and thousands in the defense industry employed. Companies like General Dynamics, Northrop Grumman, Lockheed Martin, Boeing, Raytheon, BAE Systems, Honeywell, United Technology Corp, ITT Industries, L-3 Communications, and Rockwell Collins (to name just a BUNCH) have built military equipment or provided services.
I use to think Paul Krugman was an idiot. Now I’m convinced, after much research and many hours reading his tripe, Krugman is a….