More Good Sense from Paul Krugman

On stimulus bipartisanship:

You see, this isn’t a brainstorming session — it’s a collision of fundamentally incompatible world views. If one thing is clear from the stimulus debate, it’s that the two parties have utterly different economic doctrines. Democrats believe in something more or less like standard textbook macroeconomics; Republicans believe in a doctrine under which tax cuts are the universal elixir, and government spending is almost always bad.

Obama may be able to get a few Republican Senators to go along with his plan; or he can get a lot of Republican votes by, in effect, becoming a Republican. There is no middle ground.

We should stand our ground and pass the best stimulus package possible. Republican ideals have run the economy, more or less, for the past eight thirty years. Why should we still be listening to them?

Published in: on February 3, 2009 at 1:04 pm  Comments (2)  
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2 CommentsLeave a comment

  1. Yeah it’s all the Republicans’ fault. Greenspan’s Federal Reserve policy during the Clinton-era had nothing to with this.

    Wake up dude, BOTH parties are replete with crooks and liars.

    • I’m not denying Democratic culpability in going along with Republican principles – I’m merely saying that those principles, including the principles of Greenspan, have failed and no longer deserve a seat at the table. Democrats have lost their way on economic policy, not through a failure of ideas but a failure of conviction. For Republicans, the opposite is true.

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