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View Diary: Abbreviated Pundit Round-up: Gun policy, fiscal bluff, and other Congressional follies (197 comments)

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  •  The Prez has some worthwhile goals in that area. (2+ / 0-)
    Recommended by:
    stellaluna, skohayes

    But, at some point, you have to realize that it's just the wrong time in history to try to make them happen.

    Just say: "OK, it sucks, but the congress i'm working with is nuts and that will prohibit me from getting any kind of historical, long-term deal."

    He still has plenty of historical things he can do: Starting with immigration reform.

    "Michael Moore, who was filming a movie about corporate welfare called 'Capitalism: A Love Story,' sought and received incentives."

    by Bush Bites on Thu Jan 03, 2013 at 05:02:14 AM PST

    [ Parent ]

    •  Yes, we've got 30 years of an electorate steeped (0+ / 0-)

      in the fear of the "welfare queen" boogeyman.  And a 24/7 media screaming about big government and "the debt". We've got a lot of work to do to counter that before we start talking about Larger tax increases. Krugman is recognized now as talking sense about the failure of "supply side" economics but despite his credentials he is an outlier among economists. He is right but he is in the minority. So pointing to Krugman doesn't automatically change minds. But it is still the minds we have to change before we are able to institute sweeping progressive financial change.

      "Speak the TRUTH, even if your voice shakes."

      by stellaluna on Thu Jan 03, 2013 at 06:07:35 AM PST

      [ Parent ]

      •  Krugman now less an outlier on stimulus/deficit (1+ / 0-)
        Recommended by:
        skohayes

        Apparent converts over the last couple of years include Ben Bernanke, a majority of his his Fed colleagues, and Larry Summers.

        •  Yes we are making progress. Now we need to (0+ / 0-)

          figure out how to translate those positions into the public knowledge base so that they support those principles. The best thing Reagan did (for conservatives) was to introduce the terms "supply side economics" and "trickle down" into the public vernacular and the public knowledge base. It allowed voters who vote conservatively to think they stood for some economic principal rather than just selfishness. I see many friends/acquaintances who still "believe" in those economic theories.  We need to make Krugman's case better to the public. Unfortunately the tea party killed the best descriptive word for that economic theory--stimulus. That wasn't accidental.

          "Speak the TRUTH, even if your voice shakes."

          by stellaluna on Thu Jan 03, 2013 at 06:34:43 AM PST

          [ Parent ]

    •  & say "recession before strong recovery is not (0+ / 0-)

      the right time to truly [rather than rhetorically] pursue deficit cuts" (unless the cuts are structured to take effect only after the recovery is stronger and unemployment is much lower.

      •  Another chilling extract - on "success" (0+ / 0-)

        is Ezra Klein's description of Obama's

        definition of success that will sound reasonable to most people — a dollar in tax reform for a dollar in spending cuts.
        The scary thing is that this 1+1=2 dollars of anti-stimulus austerity.

        But Klein also helps explain why the debt ceiling will not be easy to hold hostage for long, because:

        the constellation of economic interest groups that converge on Washington understands the debt ceiling better than they did in 2011, are becoming more and more tired of congress’s tendency to negotiate by threatening to trigger economic catastrophes, and is getting better at knowing who to blame. It’s not a meaningless sign that John Engler, the former Republican Governor of Michigan who now leads the Business Roundtable, called for a five-year solution to the debt ceiling.

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