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View Diary: an astonishing, horrifying failure (55 comments)

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  •  Nobody forced Obama to pretend (6+ / 0-)

    that the stimulus was big enough. Now everyone thinks it was a total failure. And that helped us lose the House in 2010.

    Plus, you seem to forget that, for a while, GOP intransigence meant bupkis. We had 60 votes in the Senate and 60% of the House.

    Code Monkey like freedom / Code Monkey like peace and justice too
    Code Monkey very nerdy man / With big warm fuzzy bleeding heart
    Code Monkey like you!

    Formerly known as Jyrinx.

    by Code Monkey on Fri Sep 06, 2013 at 08:26:36 AM PDT

    [ Parent ]

    •  60 votes... (3+ / 0-)
      Recommended by:
      qofdisks, DaveV, elwior

      ...For the period between when Al Franken finally got to take office and when Kennedy died.

      •  Which was good enough. (9+ / 0-)

        Krugman (again) was warning at the time the stimulus was being considered that:

        * It wasn't big enough or well-targeted enough to restore job growth.

        * When it didn't restore job growth, the GOP would use that failure to regain political power and discredit the whole idea of stimulus.

        Anyone could see that there was a great likelihood that we'd have one shot only, and that we ought to make the best of it. Our leaders should have remembered that the Clinton victory of 1992 was followed by the GOP landslide of 1994, which ended Clinton's ability to do any damn thing.

        We had one shot. We knew we might not have another. The Dems did a half-assed job of using the opportunity we had.

        "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

        by HeyMikey on Fri Sep 06, 2013 at 08:40:56 AM PDT

        [ Parent ]

        •  Too bad Krugman doesn't understand politics. n/t (0+ / 0-)

          Code Monkey like freedom / Code Monkey like peace and justice too
          Code Monkey very nerdy man / With big warm fuzzy bleeding heart
          Code Monkey like you!

          Formerly known as Jyrinx.

          by Code Monkey on Fri Sep 06, 2013 at 08:43:04 AM PDT

          [ Parent ]

          •  He understands politics better than the Dems did. (2+ / 0-)
            Recommended by:
            elwior, Code Monkey

            Krugman called it right on the politics.

            * He warned that if the Dems didn't resoundingly succeed in restoring robust job growth, it would be a political disaster for the Dems. Correct; the 2008 Dem victory was followed by the 2010 electoral disaster, which (like the 1994 electoral disaster) ended the Dems' ability to get anything through Congress.

            * He also warned the Blue Dogs that by watering down the stimulus, they were endangering primarily their own futures. He pointed out that the Pelosis and Franks had safe seats, even if the Dem agenda foundered. It was the Blue Dogs whose electoral futures were riding on Obama's success. Correct; it was the Blue Dogs, not the liberal Dems, who lost their seats to the GOP in 2010.

            "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

            by HeyMikey on Fri Sep 06, 2013 at 10:51:47 AM PDT

            [ Parent ]

        •  It's the most basic rule of thumb... (3+ / 0-)
          Recommended by:
          HeyMikey, elwior, Code Monkey

          ...to never ever plan for more than one trip to the well.

      •  Right. For seven months. (6+ / 0-)

        Remember how we made maximal use of that time to push through all that awesome shit? Me neither.

        Besides, no matter whose fault it is, Krugman's point still stands — macroeconomic policy since 2008 has been dismal. If an adequate response was unrealistic, that says our system is broken, not that Krugman is naïve.

        Code Monkey like freedom / Code Monkey like peace and justice too
        Code Monkey very nerdy man / With big warm fuzzy bleeding heart
        Code Monkey like you!

        Formerly known as Jyrinx.

        by Code Monkey on Fri Sep 06, 2013 at 08:41:42 AM PDT

        [ Parent ]

    •  60 votes (0+ / 0-)

      For real?  Counting Joe Lieberman?  How about Ben Nelson?  Mark Pryor?  Jon Tester?

      The mind boggles.

      You wanna f*%^ with Big Bird? You gotta come through me.

      by DaveV on Fri Sep 06, 2013 at 09:45:03 AM PDT

      [ Parent ]

      •  Well then, we can't just blame GOP (0+ / 0-)

        obstruction, can we?

        Code Monkey like freedom / Code Monkey like peace and justice too
        Code Monkey very nerdy man / With big warm fuzzy bleeding heart
        Code Monkey like you!

        Formerly known as Jyrinx.

        by Code Monkey on Fri Sep 06, 2013 at 02:08:10 PM PDT

        [ Parent ]

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