Thursday, December 6, 2012

Paul Krugman, "The Forgotten Millions": You Won't Have Romney to Kick Around Any More

Paul Krugman is fast changing his tune.

In his latest New York Times op-ed entitled "The Forgotten Millions" (http://www.nytimes.com/2011/03/18/opinion/18krugman.html?_r=0), Krugman begins:

"More than three years after we entered the worst economic slump since the 1930s, a strange and disturbing thing has happened to our political discourse: Washington has lost interest in the unemployed."

"Washington"? Is Krugman referring to George Washington? I don't think so.

No longer hysterical about the presidential election, Paul is finally coming to terms with economic reality: The Obama administration doesn't have a plan to deal with the misery of American unemployment.

Acknowledging that "no job-creation plans have been advanced by the White House" and wondering why the Obama administration was "so quick to accept defeat in the war of ideas," Krugman is telling us that there is no difference between Obama and the Republicans:

"[T]he the next time you hear Mr. Obama talk about winning the future — you should remember that the clear and present danger to the prospects of young Americans isn’t the deficit. It’s the absence of jobs."

An absence of jobs? You don't say. And here I thought that we were on the verge of salvation when "Washington" announced that unemployment had remarkably dipped under eight percent just one month prior to the presidential election.

What a shame. With the economy stalled and the fiscal cliff looming, Krugman won't have Romney to kick around any more.


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