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Krugman: Obama spending freeze ‘appalling on every level’

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Liberal economist Paul Krugman, one of the Obama administration’s supporters on healthcare reform and an advocate of the progressive economic policy embraced by Obama while he was running for office, is dialing it back.

Last week, he said he’d “almost given up” on the president after his pullback from the Democrats’ healthcare reform proposal. This week, he’s taking aim at the Administration’s proposal to freeze non-military government spending for three years starting in 2011.

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Krugman called the spending freeze “appalling on every level” and said Obama had “embraced the Republican world-view.”

The posting was titled, “Obama Liquidates Himself.”

In a blog posting Tuesday morning, Krugman penned:

A spending freeze? That’s the brilliant response of the Obama team to their first serious political setback?

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It’s appalling on every level.

It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with “the rotting corpse of Andrew Mellon” (Mellon was Herbert Hoover’s Treasury Secretary, who according to Hoover told him to “liquidate the workers, liquidate the farmers, purge the rottenness”.)

It’s bad long-run fiscal policy, shifting attention away from the essential need to reform health care and focusing on small change instead.

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And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008. A correspondent writes, “I feel like an idiot for supporting this guy.”

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Conservative columnist blasts GOP as ‘partisan hacks for whom hypocrisy is second-nature’

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On Tuesday, President Donald Trump once again ripped into The Squad, this time to undercut an emotional press conference in which Rep. Rashida Tlaib (D-MN) described the conditions her Palestinian relatives live under.

“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” the president tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”

Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long. Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!

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Convicted Cardinal Pell’s fate hangs on appeal

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An Australian court will rule on George Pell's appeal against child sex abuse charges Wednesday, when the convicted cardinal could walk free or begin a new round in his protracted legal fight.

Once the Vatican's third-ranking official, 78-year-old Pell was sentenced this year to six years in jail for sexually assaulting two 13-year-old choirboys at a Melbourne cathedral in the 1990s.

After more than two months of deliberations, a three-judge appeals panel will hand down their decision.

Pell is the most senior Catholic convicted of child sex abuse, making his case and Wednesday's ruling a touchstone moment for believers and victims groups around the world.

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Trump-worshipping artist unveils insanely disturbing new painting — and the internet is having a field day

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Jon McNaughton, the Trump-loving artist whose worshipful portraits of the president have drawn comparisons to North Korean propaganda, has unveiled a new painting that many Twitter users find deeply disturbing.

The new painting, which is titled "The Masterpiece," features President Donald Trump sitting at an easel and preparing to unveil a painting of his own.

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