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View Diary: Krugman On The Proposed Deal (341 comments)

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  •  Krugman silent on the debt ceiling (3+ / 0-)

    If I'm not mistaken, this deal prevents the republicans from playing economic terrorism with the debt ceiling for the next two years. Isn't this a big thing?  And the main reason why, I suspect, President Obama has made some painful concessions ?

    For the record, I've never bought the idea that President Obama and democrats have that big a leverage. GoP is well positionned for 2014 ( gerrymandering, democrats having to defend senate seats in red states). Moreover, the media environment hasn't changed since the election. But most of all, the economic recovery is still very fragile, and republicans don't give a damn if the economy is hurt. They know that despite the polls in which americans blame them MORE, they DON'T pay that much of a price  in congressionnal elections. Too many structural advantages.  ( Let's be realistic here, dems were lucky this time because republicans lost senate seats on social issues, not economic ones. The average voter is very confused by all the distorsions and lies out there)

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