Krugman Again Sees Stupid Situation, Says It’s Obama Who’s Stupid

Krugman:

What Obama has offered — and Republicans have refused to accept — is a deal in which less than 20 percent of the deficit reduction comes from new revenues. This puts him slightly to the right of the average Republican voter.

So we learn two things. First, Obama is extraordinarily eager to make concessions. Second, Republicans are incredibly unwilling to take yes for an answer — something for which progressives should be grateful.

What Krugman thinks we “learn” is not what he should be learning and teaching. That Obama has offered more cuts than spending is, I fully acknowledge, not sound Keynesian policy. We need more stimulus, not a contraction of government spending. But Krugman isn’t being fully honest here. What we see here isn’t proof that Obama is eager to make concessions, we see evidence that suggests Obama is eager to get a deal. The concessions are secondary, the deal is the primary objective.

Now, if Krugman wants to argue that any concessions are worse than not getting a deal, or that these particular concessions mean it’s a bad deal and that a bad deal is worse than no deal, fine. But if he thinks a deal is better than default, he has to at least acknowledge reality. To get a deal through a Republican House that has no effective leadership structure and probably more than 60 members who will vote against any increase to the debt limit is not going to be easy; indeed, it may be impossible to get an agreement prior to default. But it’s hard to imagine, short of the McConnell capitulation plan that may not pass legal muster and may not pass the House, that there would be a deal that wouldn’t include a lot of spending cuts.

Krugman’s problem is seldom that he’s wrong on the policy merits of his claims. Krugman’s problem is that when Obama is trying to achieve a political solution–we don’t have a parliamentary system, and with the filibuster he always needed Republican votes even before the Republicans won the House–Krugman sees Obama accounting for Republican stupidity and venality and attributes the stupidity and venality to Obama. Krugman is smart, but his anti-Obama outbursts mailed in from a political fantasyland where reality never constrains Obama’s options are stupid.

About these ads
This entry was posted in Uncategorized. Bookmark the permalink.

One Response to Krugman Again Sees Stupid Situation, Says It’s Obama Who’s Stupid

  1. What about the (I think valid) claim that Obama could concede to the Republicans while making them own the concessions? Would it not be possible to do the same compromise but talk about the misgivings he has about contractionary policy?

    This is where I always get stuck — I understand Obama has to compromise, but he often seems to defend the concessions as strong policy as well as good politics. I don’t get that. Why not just say “We had to move away from where I wanted to be on Medicaid — I don’t like the size of these cuts. They had to move on revenue, and they are not fans of the increases on the wealthy. But that’s how things get done. We both gave a little on our core issues here.”

    And I shiver a bit every time I hear Obama talk about the belt-tightening government as a family budget thing, which is garden-variety ignorance about fiscal policy. Why would you say belt-tightening if you believed in fiscal expansion? Was that part of the concession, that he had also to use those words?

    I honestly don’t completely get it. In my more depressed moods, I come to think he has a pretty conservative mental framework — a sort of garden-variety X-er political outlook, and that he truly exists in ideologically the middle of Democrats and Republicans. I think he might be a Blue Dog. I can understand the deals as compromise, but the way he talks about them confuses the heck out of me.

    Happy to be wrong though.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s