Krugman, Clinton, and the Financial Crisis

kyrol

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Monday March 24, 2008 · 9:15 AM PDT

2008/03/24 · 09:15

I hate to enter the circular firing squad that is the hallmark of my party these days, but this week's Krugman column really got to me. Was it this gem?

But it’s just wrong to blame the war for our current economic mess: in the short run, wartime spending actually stimulates the economy.

Strangely, no. Although, I was amused that Krugman conflated the wartime spending of Vietnam (where, say, we made our own steel) with that of Iraq (and our mysteriously missing billions). Hint: you can't spell GDP without "domestic", Paul.

No, what bothered me was that after carefully informing the public on the need for regulation in the financial industry, he uses it to pillory both the Obama and Clinton campaigns in a manner that can only be called "fair and balanced". Are two unlike things equal? Find out below the fold!

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