Tuesday, October 12, 2010

Paul Krugman Laments that Centrist Obama Hasn't Spent Enough

I wish I didn't have to rush off to work this morning and begin the Research Paper project with my sophomores this morning because I'd love to sit here for a bit and eviscerate this Paul Krugman column.

I thought I was hearing things yesterday when I heard Krugman on This Week say that Obama is a "moderate centrist" president.  WHAT?  What the hell is he talking about?  I mean, I know the far left is unhappy with Obama about a few issues, but "moderate centrist"?  No .... way.

From today's Krugman column:

Here’s what you need to know: The whole story is a myth. There never was a big expansion of government spending. In fact, that has been the key problem with economic policy in the Obama years: we never had the kind of fiscal expansion that might have created the millions of jobs we need.

Ask yourself: What major new federal programs have started up since Mr. Obama took office? Health care reform, for the most part, hasn’t kicked in yet, so that can’t be it. So are there giant infrastructure projects under way? No. Are there huge new benefits for low-income workers or the poor? No. Where’s all that spending we keep hearing about? It never happened.
Oh my.  I wish I had time to put on a pot of coffee and provide list after list, example after example of Obama's expansion of government and wasteful spending.  (And don't throw the errors of the Bush administration in here; I never, EVER said they were perfect either and have argued against the bailouts as much as anyone.)

Read the rest and then feel free to eviscerate Mr. Krugman in the comments.  This one just leaves me aghast and agape that anyone could print such nonsense in a national newspaper, even in an OpEd.  Truly the end of responsible journalism occurred long ago but if you needed more proof, this is it.

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