krugman. seriously.

Paul Krugman: Paul Ryan sounds upset. And you can see why: President Obama, to the great relief of progressives, has called his bluff.

Last week, Mr. Ryan unveiled his budget proposal, and the initial reaction of much of the punditocracy was best summed up (sarcastically) by the blogger John Cole: “The plan is bold! It is serious! It took courage! It re-frames the debate! The ball is in Obama’s court! Very wonky! It is a game-changer! Did I mention it is serious?”

Then people who actually understand budget numbers went to work, and it became clear that the proposal wasn’t serious at all. In fact, it was a sick joke. The only real things in it were savage cuts in aid to the needy and the uninsured, huge tax cuts for corporations and the rich, and Medicare privatization. All the alleged cost savings were pure fantasy.

On Wednesday, as I said, the president called Mr. Ryan’s bluff: after offering a spirited (and reassuring) defense of social insurance… And then Mr. Obama laid out a budget plan that really is serious.

The president’s proposal isn’t perfect, by a long shot … but the vision was right, and the numbers were far more credible than anything in the Ryan sales pitch.

And the hissy fit – I mean, criticism – the Obama plan provoked from Mr. Ryan was deeply revealing, as the man who proposes using budget deficits as an excuse to cut taxes on the rich accused the president of being “partisan”. Mr. Ryan also accused the president of being “dramatically inaccurate” – this from someone whose plan included a $200 billion error in its calculation of interest costs and appears to have made an even bigger error on Medicaid costs. He didn’t say what the inaccuracies were.

…What happened over the past two weeks, then, was more about staking out positions than about enacting policies. On one side you had a combination of mean-spiritedness and fantasy; on the other you had a reaffirmation of American compassion and community, coupled with fairly realistic numbers. Which would you choose?

Full article here

24 Responses to “krugman. seriously.”

  1. 1 Fred
    April 15, 2011 at 11:33 am

    Despite his credentials, Krugman has obviously become just another talking head of the PL. One day he approves, next day Obama can never be trusted again. Rinse, repeat. It’s tired and old. How many times do they think they can cry wolf before people stop listening?

    • April 15, 2011 at 11:42 am

      I once heard Obama say, “one day I’m a genius, the next day I’m a bum”. That’s exactly what happens.

    • 3 africa
      April 15, 2011 at 12:05 pm

      DITTO, Fred.

      I have come to take these pundits with a grain salt. They can’t make up their minds whether he’s not doing what they want him to do today or the next. Wasn’t Krugman one of those who most recently jumped the gun and excoriated the president for what he (Krugman) thought the president was not going to say in this latest speech.

      They are all just spinning their wheels, if you ask me.

      • 4 Sue in Minnesota
        April 15, 2011 at 5:54 pm

        They are constantly concocting drama…..evidently real conversations aren’t enough, despite being exactly what we need to be having.

  2. 5 Andogriff
    April 15, 2011 at 11:34 am

    Loved this, and passed it on to everyone! Thanks Ms. Chips!

  3. April 15, 2011 at 11:36 am

    Paul Ryan sounds upset. And you can see why: President Obama, to the great relief of progressives once again exposing progressives as the whiny shrill opportunists they are, has called his bluff.

  4. 8 majii
    April 15, 2011 at 11:36 am

    I take whatever Krugman has to say with a BOX of salt. He has become so wishy washy that he has lost my trust forever. PBO beat him and the others like white on rice, not only in this round but in all of the others. He thinks we need him, but we don’t, and he needs to get used to it. I don’t like people who run off at the mouth without having all of the necessary information, and I don’t like attack dogs. I doubt whether Krugman will ever redeem himself in my eyes for the attacks he has launched at PBO. He has the luxury of running his mouth without having to shoulder any of the responsibility, so, for me, he’s just another “holier than thou mouthpiece” on the PL. He has a Nobel Peace Prize in economics, but he doesn’t know jack about politics.

    • 9 Fred
      April 15, 2011 at 12:06 pm

      Look on the Bright side, at least K-Thug has shut up about how the Stimulus wasn’t nearly enough and we are most certainly headed for a depression and the financial sector is doomed for sure. Funny how nobody mentions these accumulating K-Thug failed predictions.

      Nobody giving Dr. Doom (Roubini) much love for his “we are headed for a double dip” talk either.

      • 10 Ladyhawke
        April 15, 2011 at 12:29 pm

        Fred, remember when Krugman wanted to nationalize the banks? Never mind.

        • 11 Fred
          April 15, 2011 at 12:48 pm

          Oh yea, that was all part of his “the financial system is doomed” phase. But he apparently has got over it. Funny how that works. If they are right or people continue to think they are right they carry on spewing. When people stop believing them they simply move on to another subject.

        • 12 Dorothy Rissman
          April 15, 2011 at 6:09 pm

          That was an ugly tantrum. Krugman is such a child. We will see how long his affection for PBO lasts.

          I am late here today, but I wanted to share some information with my brothers and sisters in support of PBO.
          On The People’s View last evening, we were discussing how a number of progressive sites are raising money by going after Obama. We decided to stop receiving Credo, Move On.Org, PCCC (Adam Green’s org.)emails. If you have already done so, that is fab.

          The link is to Adam Green’s budget for 2010.

          I was shocked. Let’s get on the back of these losers who are trying to bring down BHO to their own advantage.


          • 13 Sue in Minnesota
            April 15, 2011 at 6:49 pm

            Thanks for this Dorothy. I plan on making direct contributions to the candidates that I support, whether local or national. As much as I want to see Democrats make gains in the 2012 elections, I don’t like the idea of possibly supporting individuals who make a habit of bashing our President. They don’t have to agree with everything he says or does, but they need to avoid collateral damage to both the President and the Democratic Praty.

          • 15 Audrey
            April 15, 2011 at 7:15 pm

            Dorothy, I unsubscribed a while back from the entire bunch of them and like Sue, I give directly to my candidates of choice. Those will be President Obama and those candidates that publicly stand and support the President and also work with him and not against him!

    • 16 Dorothy Rissman
      April 15, 2011 at 7:38 pm

      I think we should take the good news he gives us, but not treat him too seriously.

  5. April 15, 2011 at 11:44 am

    There are way too many in the left punditocracy that are just fickle, whiny and don’t really seem to know what they believe from one day to the next. On MSNBC you get people like John Heileman, who is pretty left when he is on Bill Maher, but when he goes on Morning Joe, he just sits there and lets the crap flow.

    • 18 Sue in Minnesota
      April 15, 2011 at 6:13 pm

      That’s the price of membership for Heileman to be a part of the Morning Jackass clique. The Morning Jackass crew reminds me of a junior high school clique, they got that “we’re so special” and our “shit don’t stink” vibe. I quit watching long, long ago, I have very little tolerance for either arrogance or belligerence. Because of it I find it very hard to take Heileman serious in any other venue, he’s to malleable.

    • 19 Dorothy Rissman
      April 15, 2011 at 7:36 pm

      ExxtremeL, I think he is a bit to smarmy. It is impossible for me to trust him.

  6. 20 StR
    April 15, 2011 at 11:59 am

    And the House votes on the Ryan Budget today. Each and every one of the House Reps will own it.

    • 21 anniebella
      April 15, 2011 at 6:14 pm

      Let them own it. If Americans have any dam sense they will see what those Republicans-Tea Party is up to. Paul Ryan(R.) want to destroy Medicare and all the Republicans are for him doing just that.

  7. 22 Fred
    April 15, 2011 at 12:00 pm

    Check out this AWESOME rant by John Cole. This is the rant Krugman (or “K-Thug” as some are starting to call him) mentioned in his latest piece.


    • 23 africa
      April 15, 2011 at 12:24 pm

      Wow. That was an excellent piece by Cole. He hit the nail on the head when he talked about Karen Tumulty covering the health care issue as she did, because it was right in her own back yard. Many of these guys do the same. Andrew Sullivan for example, was incensed at this president for taking his time on the DADT issue. Time and again he scolded the president for not doing such and such. It mattered to him because that issue was close to home. And until many of these people come face to face with some of the same realities others face in the real world, they will continue to behave in the same ways that Cole pointed out in this piece.

      This was so spot on.

    • 24 Dorothy Rissman
      April 15, 2011 at 6:15 pm

      Fred, thank you for sharing. Terrific article. John was really on a roll.

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