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Sat Mar 9, 2013, 09:32 PM

Are the "Fix the Debt" fetishers doing overtime trying to smear Paul Krguman?

I watched Krugman's debate with Joe Scarborough on Monday night's Charlie Rose show and my first impression was that Scarborough's job was to do his best to smear and discredit Krugman and his support of more stimulus spending as opposed to deficit reduction.

Now on Huff Post, I read Jeffrey Sachs op ed, Professor Krugman and Crude Keynesianism
http://www.huffingtonpost.com/jeffrey-sachs/professor-krugman-and-cru_b_2845773.html ,which continues the crude attacks on Krugman.

Krugman is a prominent opponent of Peter Peterson's group, "Fix the Debt", which wants to shovel Social Security money into Wall Street so they can rob the elderly and disabled. They seem to be attacking Krugman because he has a lot of credibility with liberals and progressives who are doing a good job fighting them and winning the PR battle so far.

What do you think?

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Reply Are the "Fix the Debt" fetishers doing overtime trying to smear Paul Krguman? (Original post)
Larkspur Mar 2013 OP
Dawson Leery Mar 2013 #1
Cleita Mar 2013 #2
Thinkingabout Mar 2013 #3
Honeycombe8 Mar 2013 #4
TomClash Mar 2013 #5

Response to Larkspur (Original post)

Sat Mar 9, 2013, 09:38 PM

1. That should be obvious.

The world economy is growing at 4-5% due to the developing economies.
The US economy is still slow.
Mr. Sachs forgets that.
He also forgets to mention the dozens of corporations who pay $0 in taxes.

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Response to Larkspur (Original post)

Sat Mar 9, 2013, 09:44 PM

2. Of course. They are even posting here on DU.

Peter G. Peterson is the newest Koch Brother's style billionaire to bring his money into play to destroy the rest of us.

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Response to Larkspur (Original post)

Sat Mar 9, 2013, 10:05 PM

3. Heard Sean Hannity talking about putting up $74,000 to fund a day to keep the White House open

For tours. This is a good idea, one way to get taxes paid by the wealthy. I think Scarborough has taken a partial sentence which Krugman stated and is running circles in a silo trying to find a corner.

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Response to Larkspur (Original post)

Sat Mar 9, 2013, 10:06 PM

4. I noticed. There's been a crusade against Krugman for a couple of weeks now.

Scarborough had Sachs on his show, in furtherance of his smear Krugman crusade.

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Response to Larkspur (Original post)

Sat Mar 9, 2013, 10:47 PM

5. Jeffrey Sachs was a Neoliberal Supporting Actor in "The Shock Doctrine"

He sets up straw men in his essay. For example, Krugman never argued vociferously for tax cuts and he has agreed that tax cut multipliers are all over the place; it is spending multipliers that he claims are inherently more stable and they are.

Sachs' structural plan was not politically viable in 2009 and it directly contradicts his deficit hawk position. Aggregate demand is the chief problem and it requires short-term solutions.

There is so much wrong with his piece I could spend hours critiquing it. He is the neoliberal version of Arthur Laffer.

In the long run we are all dead. What a crude thing to say. You know who said it? A guy named John Maynard Keynes.

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