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Fri Jul 25, 2014, 12:58 PM

Paul Krugman: California proves the GOP’s “extremist ideology … is nonsense”

Source: Salon

In his latest column for the New York Times, award-winning economist and best-selling author Paul Krugman argues that California’s recent success — and Kansas’ ongoing failure — is yet more proof that conservative anti-tax dogma “is nonsense.”

After citing Justice Brandeis’ famous claim that America’s states are laboratories for democracy, Krugman turns to compare and contrast California and Kansas, noting that while the former state has seen economic growth and a successful implementation of Obamacare, the latter has had a stagnant economy and a ballooning deficit.

Not incidentally, these states decided to take opposite approaches to economic policy, with California embracing “a modestly liberal agenda of higher taxes, spending increases and a rise in the minimum wage” while Kansas “went all-in on supply-side economics, slashing taxes on the affluent” only to see paltry growth and a darkening fiscal picture.

“If tax increases are causing a major flight of jobs from California, you can’t see it in the job numbers,” Krugman writes. “Employment is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent; at this point, California’s share of national employment, which was hit hard by the bursting of the state’s enormous housing bubble, is back to pre-recession levels.”

more: http://www.salon.com/2014/07/25/paul_krugman_california_proves_the_gops_extremist_ideology_is_nonsense/

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Reply Paul Krugman: California proves the GOP’s “extremist ideology … is nonsense” (Original post)
abakan Jul 2014 OP
Martin Eden Jul 2014 #1
BrotherIvan Jul 2014 #2
ieoeja Jul 2014 #3
Ishoutandscream2 Jul 2014 #4
Auggie Jul 2014 #5
SleeplessinSoCal Jul 2014 #6
rickyhall Jul 2014 #7
SleeplessinSoCal Jul 2014 #8

Response to abakan (Original post)

Fri Jul 25, 2014, 01:10 PM

1. If the Democratic Party doesn't make this tale of two states Exhibit #1 ...

... then the Democratic Party is either clueless or complicit.

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Response to Martin Eden (Reply #1)

Fri Jul 25, 2014, 02:06 PM

2. I'll take #2 for the win, Martin

You don't get to the national level without a lot of help from your "friends".

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Response to abakan (Original post)

Fri Jul 25, 2014, 02:31 PM

3. Belief in the "liberal bias" of news media is the problem.

 


Fox News and Hate Radio couple total outstanding debt with old deficit numbers for California. Republicans repeat those numbers.

Do not be surprised at all if the Republicans take this advice and make the election about those two states. Because they know an extremely large percentage believe the factoids provided by the Fair and Balanced media.

And it isn't just Teabaggers. I know plenty of people who reason that Fox News could not possibly be lying all the time. When someone on ABC, CBS or NBC gets a news story wrong, they lose their job. Fox News is not firing people, therefore they must not be lying.

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Response to ieoeja (Reply #3)

Fri Jul 25, 2014, 03:00 PM

4. Bingo. I quote these facts to my far right friends all the time

And the facts come from unbiased sources. Nevertheless, they poo-poo the facts because they come from the "librul media". Only Fox and talk radio state the real facts!

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Response to ieoeja (Reply #3)

Fri Jul 25, 2014, 03:09 PM

5. Yes, but Dems can counter this with P.R. and paid advertising ... as of now,

they're pretty silent.

I've been at a loss to understand the reasoning.

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Response to abakan (Original post)

Fri Jul 25, 2014, 03:43 PM

6. Was looking for good news and Bingo!

Sitting here in CA we hear very little in the media of Jerry Brown. He's like the invisible man. Apparently he's just stealth because Gavin Newsom, his Lt. Governor, has nothing to do and has come up with his own theories in his free time a la "Citizenville".

http://citizenville.com/

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Response to abakan (Original post)

Fri Jul 25, 2014, 04:32 PM

7. To hear Timothy Draper tell it California is in terrible shape

But he's just another billionaire who hates poor people.

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Response to rickyhall (Reply #7)

Fri Jul 25, 2014, 05:48 PM

8. he's just trying to divide up the electoral college.

That's the only way Republicans can ever win the White House again. (well that and preventing the "47%" from voting".

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