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View Diary: Krauthammer cries fault: Obama swindled GOP! (118 comments)

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  •  poppycock (9+ / 0-)

    Krugman is always looking for stimulus and he sees this as bad as it gets.

    krugman's own words were something to the effect of "the deal was better than he expected."

    Die with your boots on. Gonna try? Well stick around. Gonna cry? Just move along. The truth of all predictions is always in your hands. - Iron Maiden

    by Cedwyn on Fri Dec 10, 2010 at 06:48:55 AM PST

    [ Parent ]

    •  Read Krugman today, he doesn't like it (4+ / 0-)
      Recommended by:
      Dallasdoc, Fury, joe shikspack, laker

      From todays column:

      Unemployment benefits aside, all of this is very much second-best policy: consumers would probably spend only part of the payroll tax break, and it’s unclear whether the business break would do much to spur investment given the excess capacity in the economy. Still, it would be a noticeable net positive for the economy next year.

      But here’s the thing: while the bad stuff in the deal lasts for two years, the not-so-bad stuff expires at the end of 2011. This means that we’re talking about a boost to growth next year — but growth in 2012 that would actually be slower than in the absence of the deal.

      Not so bad stuff, second-best?

      Wow, what a ringing endorsement.  He's beginning to see the politics is a disaster and is reconsidering if he would support it.

      •  If Krugman thought it was a disaster (1+ / 0-)
        Recommended by:
        JimmyP

        he would not have a problem saying exactly that.  He doesn't love it but he doesn't hate it.  He is analyzing the individual components of the deal, and realizing that the deal contains some good and some bad. It is good to keep in mind that Krugman has substantially more flexibility than those in congress and President Obama.  He doesn't have to run for reelection and no one is going to hold him responsible for it if the economy tanks.  

        Krugman is saying what most reasonable people are saying.  It is sad that such a deal has to be made.  There is a lot of stuff that may not look so wise in a couple years.  There is some benefit to some of the components.  Not optimistic that the benefits will be enough to get the economy going.  

        Unlike the impeach Obama because he is the worst president ever crowd, Krugman is looking at this deal analytically.

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