Monday, October 04, 2010

Quotable

Paul Krugman: Modern American conservatism is, in large part, a movement shaped by billionaires and their bank accounts, and assured paychecks for the ideologically loyal are an important part of the system. Scientists willing to deny the existence of man-made climate change, economists willing to declare that tax cuts for the rich are essential to growth, strategic thinkers willing to provide rationales for wars of choice, lawyers willing to provide defenses of torture, all can count on support from a network of organizations that may seem independent on the surface but are largely financed by a handful of ultrawealthy families. And these organizations have long provided havens for conservative political figures not currently in office.

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Exactly. I always liked Krugman, and now I just like him more (though I believe Keynesian Economics to be somewhat socialist. Socialism can easily go too far, and must be carefully managed). I don't understand why Krugman wasn't tapped to be part of Barry Obama's Council of Economic Advisors, do you? Also, Krugman doesn't live that far away from either one of us, Arun. Did you ever meet him?

The Republican party has been split in two by these far right wing darlings of the country club and yachting club set. The tea party is what remains of the furthest right wing. The last time this happened Teddy Roosevelt (the last REAL Republican) took on his successor, William Howard Taft, in the 1912 Election. They both lost, and Democrat Woodrow Wilson won the Presidency. The upcoming mid-term elections look to be very interesting.
1 reply · active 753 weeks ago
Hi Steven,
Sorry about moderation - don't know why it applied when moderation is supposedly turned off.

Krugman probably would act like a lightning rod and Obama is too cautious for that, perhaps.

I've never seen Krugman in person.

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