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Shorter Krugman: Obama is a Republican

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Paul Krugman tries to figure out why the President seems to downplay Keynesian responses to the ongoing economic nightmare:

I’m not alone in marveling at the extent to which Obama has thrown his rhetorical weight behind anti-Keynesian economics; Ryan Avent is equally amazed, as are many others. And now he’s endorsing the structural unemployment story too.


The question then is why. As I’ve tried to show many times, the facts overwhelmingly refute the anti-Keynes talking points. Neither the invisible bond vigilantes nor the confidence fairy have made an appearance. So why is Obama talking up those talking points?

OK, here’s an unprofessional speculation: maybe it’s personal. Maybe the president just doesn’t like the kind of people who tell him counterintuitive things, who say that the government is not like a family, that it’s not right for the government to tighten its belt when Americans are tightening theirs, that unemployment is not caused by lack of the right skills. Certainly just about all the people who might have tried to make that argument have left the administration or are leaving soon.

And what’s left, I’m afraid, are the Very Serious People. It looks as if those are the people the president feels comfortable with. And that, of course, is a tragedy.

In other words, the reason Obama acts like a moderate Republican is because he is a moderate Republican.

Meeting adjourned,brothers and sisters. the bar is open and I’m gonna use it.

Written by slothropia

July 6th, 2011 at 8:36 pm

One Response to 'Shorter Krugman: Obama is a Republican'

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  1. Obama’s a republican puppet.He was mentored by the ultimate republican puppet joe lieberman. He’s gone further than bush. Obama extended the Bush tax cuts, he left wall street unregulated, he adopted the republican’s initial stance on healthcare reform, he extended the unconstitutional patriot act, he hasn’t closed guantanamo bay, he allows indefinite detentions without a trial, he extended our foreign wars and now he wants to cut medicare, medicaid and social security. Obama is a undercover right wing republican- which is worse. HE must be primaried.


    13 Jul 11 at 2:00 am

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