Scott and a Hard Place
Submitted By Todd on January 26th at 7:57pm
of his base.
“A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback? It’s appalling on every level,” blogged New York Times columnist Paul Krugman, a Nobel Prize-winning economist.Don't underestimate the importance of Krugman - after all, he writes for the Times, and he's won a Prize. It's Krugman v Obama, mano a mano, Nobel a Nobel.
Krugman, once a stalwart defender of the president who has only recently turned critical, said a freeze would be “a betrayal of everything Obama’s supporters thought they were working for.”Which is what America is after.
“Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008,” Krugman added.
Paul Rosenberg of the liberal blog Open Left described the move as a clear sign that Obama is “an idiot,” doomed to repeat the causes of the Great Depression. “After passing a stimulus that most economists (not just liberal ones) said was too small, and that was made even more inadequate by being heavily tilted toward poor-performing tax-cuts, Obama is now intentionally recreating [President Franklin D. Roosevelt's] mistake of 1937, when he prematurely cut back spending to try to balance the budget and sent the country into a new recession,” Rosenberg wrote.Obama - between Scott and a Hard Place.