A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?
It’s appalling on every level.
It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. ...
It’s bad long-run fiscal policy, shifting attention away from the essential need to reform health care and focusing on small change instead.
And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view —
Sigh. Why did I ever allow Obama to deceive me? Please read the whole Krugman post.
UPDATE: Blue Texan offers Rachel Maddow about Obama's progress... and then his concession... on the state of the economy. Maddow also interviews UT economist James Galbraith.
I hear you. Although I always knew he was deceiving all of us at heart...people just believe his twisted verbiage and froth at the mouth. But I don't feel guilty - What choice did we REALLY have after he scammed the people, and Hillary was no longer an option? Sarah Palin?
ReplyDeleteKill me now.