Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Krugman Tells Obama: DON'T MAKE A DEAL
TBI ^ | 11-9-2012 | Joe Weisenthal

Posted on 11/09/2012 4:09:24 AM PST by blam

Krugman Tells Obama: DON'T MAKE A DEAL

Joe Weisenthal
Nov. 9, 2012, 4:25 AM

In his brand new op-ed at the NYT, Paul Krugman makes the loudest case yet that Obama shouldn't rush into any kind of big "deal" with the GOP on averting the fiscal cliff.

Liberals have been going in this direction for awhile, arguing two things: Hitting the fiscal cliff would not be a huge catastrophe right away, and the GOP has lost a lot of leverage, so there's no reason to cave to their insistence on everything.

So Krugman tells Obama not to reach his hand out to far:

In saying this, I don’t mean to minimize the very real economic dangers posed by the so-called fiscal cliff that is looming at the end of this year if the two parties can’t reach a deal. Both the Bush-era tax cuts and the Obama administration’s payroll tax cut are set to expire, even as automatic spending cuts in defense and elsewhere kick in thanks to the deal struck after the 2011 confrontation over the debt ceiling. And the looming combination of tax increases and spending cuts looks easily large enough to push America back into recession.

Nobody wants to see that happen. Yet it may happen all the same, and Mr. Obama has to be willing to let it happen if necessary.

Why? Because Republicans are trying, for the third time since he took office, to use economic blackmail to achieve a goal they lack the votes to achieve through the normal legislative process.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; fiscalcliff; krugman; recession
Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last
To: blam
Good... the end is coming... the faster the better. Let the cuts begin... everything will be slashed before 2014. The CRASH of world economies is coming... our credit rating will be lowered to B. No one... except for the Fed... will ever buy our bonds and t-bills. It is over Kemo Sabe.

LLS

21 posted on 11/09/2012 4:40:07 AM PST by LibLieSlayer (I AM JOHN GALT)
[ Post Reply | Private Reply | To 1 | View Replies]

To: silverleaf
Boehner needs to make all his press conferences and statements open and very public, like from the steps of the US Capitol, to make it harder for the MEdia to cherrypick and distort.

“Mr obama, we agree to your plan, if you agree to own the results. We accept the will of the Americans who voted for you that democrats think they can run this economy by raising tax rates in a recession. We disagree. But Let’s roll and may the chips fall. Good night and God Bless America.”

How hard can it be?

Not hard in theory, but when even FR has more people who misquote and rant than people who bother to find the ACTUAL statements, even a better man than Boehner has his work cut out for him.

Mr. niteowl77

22 posted on 11/09/2012 4:41:33 AM PST by niteowl77 (Getting stuck with other peoples' just desserts good and hard for over 50 years.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Travis McGee
"Maybe we should all just "go Galt" to the max possible for each of us?"

That's my recommendation. Don't buy anything that you don't absolutely need then, buy it outside the 'taxing system' when-ever possible.

Starve the beast.

Obama will drive us to a hyperinflationary condition pretty quickly.

23 posted on 11/09/2012 4:42:18 AM PST by blam
[ Post Reply | Private Reply | To 20 | View Replies]

To: Alberta's Child
The “47%” are going to shrink considerably

I think they'll be the 67% by Election Day 2016.

24 posted on 11/09/2012 4:43:15 AM PST by j_tull
[ Post Reply | Private Reply | To 12 | View Replies]

ScottinVA wrote: “I`m for that. I say, give Obama EVERYTHING he wants...”

The sad truth about that notion is that is tremendously difficult to rid ourselves of all that, later, when (if?) sane minds regain control.


25 posted on 11/09/2012 4:46:01 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: ScottinVA
>>>I`m for that. I say, give Obama EVERYTHING he wants,.. then hang the consequences around his and his supporters` necks.

I'm for that as well. I think the GOP should give him EVERYTHING...with the vocal opinion...ON RECORD...OVER AND OVER AGAIN...that they disagree with this 100%...but...it seems to be the will of the people. I think they should allow the vote to go forward then abstain. They should lay out EXACTLY what they think this will do...and let him have all the credit and responsibility.

WHY? Because I firmly, 100% believe the only hope we have is to let if crash...prove the socialist system a falicy...and then rebuild on the other side.

I see no other option other than 1) A fast dive into chaos...or 2) A slow controlled dive into chaos. If you are going to chaos...might as well let the dems take us there.

26 posted on 11/09/2012 4:46:47 AM PST by NELSON111
[ Post Reply | Private Reply | To 4 | View Replies]

To: Alberta's Child

He says he wants to leave the rates alone except for the top ones. The reason this argument was a sham in the election is simple, almost half pay no tax so they cared not one whit what changes were made to the tax paying side. Whatever votes he syphoned off amongst those paying taxes were gravy. His plan now is to come forward with the same plan and let the GOP go for either accepting it or allowing all rates to rise....he wins both ways. In either case when the economy continues to go off the cliff, he says, and the media parots, my plan was better but the GOP made me accept this “deal” (even though it was his). The voting dopes won’t see the charade and mark my words, the GOP house will get clobbered in the 2014s.

As painful as it will be, give him what he wants across the board and let’s bring this entire sucker down as quick as possible. We can push Greece off the front page.


27 posted on 11/09/2012 4:48:03 AM PST by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
[ Post Reply | Private Reply | To 10 | View Replies]

To: silverleaf
And that is EXACTLY what they need to do. Let the vote come forward...then abstain. Let the dems OWN it...and be very loud and on the record what this will mean.

Then they need to get some balls when it all falls apart and say I told you so.

Let it crash. We need to rebuild it on the other side.

28 posted on 11/09/2012 4:49:52 AM PST by NELSON111
[ Post Reply | Private Reply | To 17 | View Replies]

I agree with that, Dragonspirit. Let’s give sequestration a chance...
It’s always interesting and fun to watch the elected elitists (both parties) devouring each other.


29 posted on 11/09/2012 4:50:11 AM PST by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2013: Change we can look forward to.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Abbeville Conservative

True. Lots of Mega Dittos on this one.


30 posted on 11/09/2012 4:52:37 AM PST by MachIV
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam

Yep, I concur. And if possible move away from predictably dangerous social terrain.


31 posted on 11/09/2012 4:53:47 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
[ Post Reply | Private Reply | To 23 | View Replies]

To: blam

Pshaw! It is Boehner that shouldn’t make a deal. Politico had an article yesterday that asked what the Republicans were going to do.

As far as I know Ryan has a plan and that was roundly rejected, even during the presidential debates.

Obama had a plan that even team Obama wouldn’t vote for.

Since Obama ran against the republican plan—Ryan’s. The ball is in the democrats court.

Let Obama put out there whatever he wants—pass it and let him and the democrats own every durn thing about it.

Let Bush retire and let his cuts retire. Give the whole baby to the democrats to rock and own.

It will hurt but not nearly as much as letting this wound continue to fester and take this country down with their communist goals.


32 posted on 11/09/2012 4:55:30 AM PST by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheel barrow)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Obama won’t make a deal. The blame will be placed on the Republicans by Obama and the MSM and they’ll fold. Even a moron like Krugman can see that coming.


33 posted on 11/09/2012 4:58:16 AM PST by Spok
[ Post Reply | Private Reply | To 1 | View Replies]

To: traditional1

He used to work for Enron. I wonder how that is working out for Ken Lay?


34 posted on 11/09/2012 4:58:52 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: NELSON111

The crash will happen regardless; it is baked in the cake, it is math. But the pere and post crash conditions will lead to either a hard-left Marxist dictatorship, or all out civil war that will look like Bosnia X Rwanda. The very least-likely outcome is a return to govt on a constitutional framework. Lady Liberty is not likely to prevail in a 3-way battle with lions and hyenas. Best to go Galt and move into deepest red asap. That CW2 Cube thing.


35 posted on 11/09/2012 4:58:59 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
[ Post Reply | Private Reply | To 26 | View Replies]

To: blam
I am pretty sure that 3,000 years ago, an ancient relative of Paul Krugman was wandering the streets of Babel muttering. "If only we had built another flight of stairs, the king WOULD have been able to reach into Heaven and touch the face of God."

Paul Krugman is not only dangerously stupid, he is a True Believer. No KoolAid required.

36 posted on 11/09/2012 4:59:15 AM PST by Bernard ('He that is good for making excuses is seldom good for anything else' - Benjamin Franklin)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Travis McGee

Amen......

The breakup is coming. A blue city in a red state will be a problem for the liberals who live there. They should pack up and move ASAP


37 posted on 11/09/2012 5:01:33 AM PST by bert ((K.E. N.P. N.C. +12 ..... Present failure and impending death yield irrational action))
[ Post Reply | Private Reply | To 35 | View Replies]

To: Travis McGee

I’m in Texas...and the theme in our house is: Who is John Galt.


38 posted on 11/09/2012 5:05:37 AM PST by NELSON111
[ Post Reply | Private Reply | To 35 | View Replies]

To: Solson
Let it burn to the ground.

Let them do that.

39 posted on 11/09/2012 5:07:57 AM PST by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: blam

Varney had it right on Fox Business. Zer0 will not negotiate. Why should he? He didn’t in the first term, everything worse - and the idiots still re-elected him. So what incentive does he have to give an inch. We’ll go 4 more years without a budget and he’ll rule by EO.


40 posted on 11/09/2012 5:08:58 AM PST by mykroar (RIP America :: 11/6/12)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson