Paul Krugman

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'Political Morality' Divides America
'Political Morality'
Divides America
paul krugman

'Political Morality' Divides America

Krugman: We can't agree on fundamentals; let's strive to raise the tone

(Newser) - Calls for unity are welcome, but it’s time we face facts: America is a country “deeply divided” by “fundamental disagreement about the proper role of government,” writes Paul Krugman in the New York Times . The left believes the wealthy should be taxed to help the poor;...

Why the Euro Was a Horrible Mistake
Why the Euro Was
a Horrible Mistake
paul krugman

Why the Euro Was a Horrible Mistake

And how Europe can rectify it

(Newser) - Europe is a little like a classic Greek tragic hero, brought low by a singular act of hubris: the creation of the euro. In a lengthy piece in the New York Times , Paul Krugman argues that the euro was always a dubious idea, but European leaders “engaged in magical...

Blame Conservative Fury for Giffords Shooting
Blame Conservative Fury
for Giffords Shooting
Opinion: Point

Blame Conservative Fury for Giffords Shooting

It's like the Oklahoma City bombing all over again, Paul Krugman says

(Newser) - Were you really shocked when you heard that Gabrielle Giffords had been shot? Paul Krugman wasn’t. “I’ve had a sick feeling in the pit of my stomach ever since the final stages of the 2008 campaign,” when hatred was thick in the air at McCain-Palin rallies,...

Texas's Busted Budget Shows Failure of GOP Theory
Texas's Busted Budget
Shows Failure of GOP Theory
paul krugman

Texas's Busted Budget Shows Failure of GOP Theory

Paul Krugman: State faces huge hole over taxes-are-evil mantra

(Newser) - To all appearances, things were going great in Texas until recently. Gov. Rick Perry even boasted of a surplus in the billions in his re-election run. For conservatives, it was a shining example of good fiscal practice: never raise taxes; use only spending cuts to balance the budget. Now, though,...

All Aboard the Right's Misleading 'Humbug Express'
All Aboard the Right's Misleading 'Humbug Express'
PAUL KRUGMAN

All Aboard the Right's Misleading 'Humbug Express'

If 'everyone knows' it, no one will question it

(Newser) - This Christmas, Ebenezer Scrooge would salute the American right wing: its “media infrastructure” has become a “humbug factory,” capable of spreading propaganda so widely that “it becomes part of what ‘everyone knows.’” Take the widespread idea that President Obama has presided over a...

Whine All You Want: Obama Gets It Done
Whine All You Want:
Obama Gets It Done
andrew sullivan

Whine All You Want: Obama Gets It Done

He's no Michael Moore—he's a pragmatist, and he keeps scoring

(Newser) - Frank Rich and Paul Krugman can rail all they want, fueled by their disappointment that President Obama is no “Michael Moore in chief.” These “brilliant men" are “profoundly resistant to the core rationale of the Obama presidency"—a strategy that’s working well as Obama...

Tax Deal Offers GOP 'Hostages' for 2012
Tax Deal Offers GOP 'Hostages' for 2012
paul krugman

Tax Deal Offers GOP 'Hostages' for 2012

Krugman: Democrats will need to make more deals in election year

(Newser) - President Obama may have rescued some tax “hostages” from the GOP—the unemployed, for example—but in the process, he set up another hostage situation down the road, writes Paul Krugman in the New York Times . The "not-so-bad stuff” in the tax deal “expires at the end...

Paul Krugman: Obama Must Say No to 'Tax Cut Blackmail'
Obama Must Say No to
'Tax Cut Blackmail'
paul krugman

Obama Must Say No to 'Tax Cut Blackmail'

GOP closer to making 'irresponsible' cuts permanent: Paul Krugman

(Newser) - It’s time for President Obama to stand up against a GOP that wants to extend “obviously irresponsible” tax cuts for the wealthiest Americans, writes Paul Krugman in the New York Times . Keep in mind the big picture: Republicans want to make these cuts permanent, and if they agree...

Republicans Can't Wait for Debt 'Blood Bath'
Republicans Can't Wait for Debt 'Blood Bath'
Paul Krugman

Republicans Can't Wait for Debt 'Blood Bath'

One of our parties just doesn't care about 'making American governable'

(Newser) - Alan Simpson must be a serious moderate Republican—after all, President Obama appointed him to co-chair his debt commission. Well here’s what this moderate said Friday: “I can’t wait for the blood bath in April. … We’ve got guys who will not approve the debt limit...

Deficit Commission Hijacked By the Right
Deficit Commission Hijacked By the Right
Paul Krugman

Deficit Commission Hijacked By the Right

Krugman: It's yet another soak-the-poor scheme

(Newser) - Paul Krugman had a bad feeling about the president’s deficit commission when co-chair Alan Simpson likened Social Security to “a milk cow with 310 million tits.” The suggestions put forward Wednesday haven’t improved his opinion. Simpson, and Democrat Erskine Bowles, proposed a truly “bipartisan” plan—...

Obama Didn't Need to 'Focus' on Economy...
Obama Didn't Need to 'Focus' on Economy...
Paul Krugman

Obama Didn't Need to 'Focus' on Economy...

...he needed the guts to do something worthwhile to save it

(Newser) - Recently prognosticators—like Evan Bayh, in this article —have been accusing Barack Obama of “focusing on health care rather than job creation.” So Paul Krugman of the New York Times has a question: What does that even mean? Are they saying Obama should have pursued a bigger...

China Needs to Grow Up, US Needs to Wise Up

 China Needs to Grow Up, 
 US Needs to Wise Up 
paul krugman

China Needs to Grow Up, US Needs to Wise Up

The story of rare earth minerals has many lessons, writes Paul Krugman

(Newser) - When Japan detained a Chinese fishing boat captain whose vessel had collided with two of its Coast Guard ships, China cut off its access to rare earths, the essential minerals on which China has a near-monopoly. For Paul Krugman, this highlights two concerns: First, that the US let “unreliable”...

Government Isn't Bigger
 Government Isn't Bigger 
PAUL KRUGMAN

Government Isn't Bigger

Obama hasn't expanded spending—and that's too bad

(Newser) - The Obama presidency has mobilized hundreds of thousands of conservatives to clamor against the "big expansion of government spending," but said expansion simply didn't happen—and that's the problem, writes Paul Krugman for the New York Times . The president hasn't created new benefits for the poor, large new...

Rupert Murdoch Owns the GOP
 Rupert Murdoch Owns the GOP 
Paul Krugman

Rupert Murdoch Owns the GOP

Or at least, it's all on his payroll, writes Paul Krugman

(Newser) - Rupert Murdoch is a lot like Citizen Kane, with one minor difference. Kane tried to buy high office for himself. Murdoch “just puts politicians on his payroll,” writes Paul Krugman for the New York Times . “And I mean that literally.” As Politico pointed out recently, Fox...

Unemployment Isn't the Fault of the Workforce
Unemployment Isn't the Fault of the Workforce
PAUL KRUGMAN

Unemployment Isn't the Fault of the Workforce

Government simply lacks the will to stimulate demand

(Newser) - Don't blame America's workers for the country's persistent unemployment. Some, like Bill Clinton and Narayana Kocherlakota have suggested that American workers simply lack the skills employers need. But that's nonsense, argues Paul Krugman in the New York Times . If that were true, there should be employers struggling to fill jobs....

The Rich Are Mad as Hell, and Getting Away With It

Wealthy dodge modest tax hikes while everyone else suffers

(Newser) - “Anger is sweeping America,” Paul Krugman writes in the New York Times , and no, “I’m not talking about the Tea Partiers. I’m talking about the rich.” Although the recession has taken homes and jobs away from millions of poor Americans, “real political rage”...

GOP Is Extorting Middle Class
 GOP Is Extorting Middle Class 
Paul Krugman

GOP Is Extorting Middle Class

Krugman: Mitch McConnell might as well be a gangster

(Newser) - Mitch McConnell knows he doesn’t have the votes to blow up the budget by extending big tax cuts for the rich. “So he’s trying to get what he wants by pointing a gun at the heads of middle-class families,” writes Paul Krugman of the New York ...

China's Hurting Us By Lending to Us
 China's Hurting Us 
 By Lending to Us 
Paul Krugman

China's Hurting Us By Lending to Us

Japan's figured this out, why can't we?

(Newser) - When Japan’s finance minister complained last week about recent Chinese purchases of Japanese bonds, it “made me want to bang my head against the wall in frustration,” writes Paul Krugman of the New York Times . See, the US has repeatedly refused to do anything about China’s...

It's 1938 All Over Again
 It's 1938 All Over Again 
Paul Krugman

It's 1938 All Over Again

And World War II isn't walking through that door

(Newser) - The US economy has been crippled by financial crisis, and the president’s too-cautious policies have failed to stem the bleeding. More stimulus is needed, but the public has soured on spending and plans to kick Democrats out of office. Sound familiar? That was the situation in 1938, writes Paul...

Krugman: We're Not Bouncing Back

'Policy-makers are in denial'

(Newser) - You know that recovery officials promise is underway? It's not happening, scoffs Paul Krugman, and he blames federal officials' reluctance to take responsibility. "This isn’t a recovery, in any sense that matters. And policy-makers should be doing everything they can to change that fact," he writes in...

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