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Fri Jan 18, 2013, 05:23 PM

Krugman: Not With A Bang But With A Whimper

Not With A Bang But With A Whimper



When youíre wrong, youíre wrong. I thought that by ruling out any way to bypass the debt limit, the White House was setting itself up, at least potentially, for an ignominious cave-in. But it appears that the strategy has worked, and itís the Republicans giving up. Iím happy to concede that the president and team called this one right.

And itís a big deal. Yes, the GOP could come back on the debt ceiling, but that seems unlikely. It could try to make a big deal of the sequester, but thatís a lot more like the fiscal cliff than it is like the debt ceiling: not good, but not potentially catastrophic, and therefore poor terrain for the ďweíre crazier than you areĒ strategy. And while Republicans could shut down the government, my guess is that Democrats would actually be gleeful at that prospect: the PR would be overwhelmingly favorable for Obama, and again, not much risk of blowing up the world.

<...>

A good day for sanity, all around.

http://krugman.blogs.nytimes.com/2013/01/18/not-with-a-bang-but-with-a-whimper/

LOL!

Obituary (Hastert Rule)
http://www.democraticunderground.com/10022201871

22 replies, 2930 views

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Arrow 22 replies Author Time Post
Reply Krugman: Not With A Bang But With A Whimper (Original post)
ProSense Jan 2013 OP
ProSense Jan 2013 #1
Cha Jan 2013 #2
FreeBC Jan 2013 #3
coldbeer Jan 2013 #5
Playinghardball Jan 2013 #4
annabanana Jan 2013 #6
DevonRex Jan 2013 #7
alcibiades_mystery Jan 2013 #11
DevonRex Jan 2013 #20
backscatter712 Jan 2013 #8
Hekate Jan 2013 #9
alcibiades_mystery Jan 2013 #10
bluedigger Jan 2013 #12
LineLineNew Reply .
ProSense Jan 2013 #14
CitizenLeft Jan 2013 #15
demmiblue Jan 2013 #16
LineLineNew Reply .
caseymoz Jan 2013 #17
MannyGoldstein Jan 2013 #13
caseymoz Jan 2013 #18
arely staircase Jan 2013 #19
ProSense Jan 2013 #22
another_liberal Jan 2013 #21

Response to ProSense (Original post)

Fri Jan 18, 2013, 06:07 PM

1. Kick! n/t

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Response to ProSense (Original post)

Fri Jan 18, 2013, 06:21 PM

2. Wow! This should be big news.. Paul Krugman admitting

the President and his Team were right and he was wrong. I'm impressed! Not that he wouldn't be capable.. just that not that many people do that!

Thanks Pro Sense.. for the Poker Face Kitty pic, too.

"A good day for sanity, all around."

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Response to ProSense (Original post)

Fri Jan 18, 2013, 06:22 PM

3. I like someone who is able to concede when the other guy was right

 

Krugman is right about almost everything, so perhaps it's a refreshing change of pace for him.

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Response to FreeBC (Reply #3)

Fri Jan 18, 2013, 06:50 PM

5. Krugman is right about almost everything

I think so. But I think he is setting them up.
Probably telling Obama to say he is not going
to kick the can. Obama has them by the nuts
and now he has to squeeze. The house has a job
to do and are cowards.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 06:29 PM

4. Kick!

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Response to ProSense (Original post)

Fri Jan 18, 2013, 06:55 PM

6. I'm sure that Krugman would have been more than happy to be wrong

on more than one occasion.

There are many many times when I wish that he had been wrong, that's for sure.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:02 PM

7. Why ProSense, why isn't this getting lots of joyful replies?

Seems like it would be, right? I'm happy! It turned out just the way I knew it would and just like anybody with a political brain knew it would. Krugman is great at econ but he really sucks at politics, poor guy. That's OK. Obama's got that part covered. But maybe PK needs to concede that after 4 years, eh?

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Response to DevonRex (Reply #7)

Fri Jan 18, 2013, 07:14 PM

11. Krugman is honorable enough to admit when he's wrong...some of our "progressive" friends lack that

quality.

It's too bad.

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Response to alcibiades_mystery (Reply #11)

Fri Jan 18, 2013, 08:13 PM

20. Yes he is. I think that is why he does it to begin with

to tell you the truth. Just like Obama does sometimes. PK pretends to be outraged, gets the progressives' attention, they're with him all the way, and then PK admits he was wrong and Obama was right. So, Obama and Krugman work together quite well for real progressives' political education. The phony progressives just ignore it when everything works out and move on to some other complaint.

That's why FDL can't be trusted. Good for a giggle though when they look so desperate.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:04 PM

8. I'd say Obama played it right.

By refusing to use the 14th Amendment, or the trillion-dollar coin, the President was keeping the pressure on the House Republicans.

If he'd averted the crisis with one of those two tactics, it would have removed any motivation for the GOP to change their ways, and the next hostage situation would be even worse.

Obama simply said "You're the House, the Constitution says you've got the purse strings, here are the bills that need to be paid, come up with a solution. I'm not going to let you extract concessions from me by your hostage-taking, so your choices are to raise the debt ceiling and come up with a budget, or let the government default and shut down. If you don't do your job, the consequences are all on you!"

The GOP's still smarting from last November's asskicking, and they know if they keep pissing off the voters, they're going to lose the House in 2014. They'll threaten, but they don't have the stomach for carrying out their threats, so it's all a bluff.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:10 PM

9. Yes, Dr. Krugman, it is a BFD!

Thanks for being gentleman about admitting it worked, sir.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:12 PM

10. Eliot's elision of the second "with" remains the better phrasing



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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:15 PM

12. Everybody is missing the big picture.

The Krugster just put a kitteh meme in the Opinion section of the NYT.

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Response to bluedigger (Reply #12)

Fri Jan 18, 2013, 07:17 PM

14. .



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Response to bluedigger (Reply #12)

Fri Jan 18, 2013, 07:26 PM

15. OMG... I had to look to see that... he really did!

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Response to bluedigger (Reply #12)

Fri Jan 18, 2013, 07:30 PM

16. OK, that is too funny!

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Response to bluedigger (Reply #12)

Fri Jan 18, 2013, 07:34 PM

17. .


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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:16 PM

13. Let's keep our fingers crossed nt

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:40 PM

18. Krugman was right, but . . .


I think Repubs knew it was time to fold when the Koch Brothers abandoned the fight.

I don't know if that was Obama's doing or not.

They've kicked the can down the road another three months with the idea that their position might be stronger then. I think that's a bad gamble on their part.

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Response to ProSense (Original post)

Fri Jan 18, 2013, 07:41 PM

19. the election is finally starting to sink in with these people

eom

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Response to arely staircase (Reply #19)

Fri Jan 18, 2013, 11:44 PM

22. Yeah, the realization is causing discord.



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Response to ProSense (Original post)

Fri Jan 18, 2013, 08:23 PM

21. Another great cat picture!

Another great cat picture, and a man with the personal greatness to admit he was wrong! Krugman is OK with me.

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