Friday, February 05, 2010

Paul Krugman: Fiscal Scare Tactics

"To me — and I’m not alone in this — the sudden outbreak of deficit hysteria brings back memories of the groupthink that took hold during the run-up to the Iraq war. Now, as then, dubious allegations, not backed by hard evidence, are being reported as if they have been established beyond a shadow of a doubt. Now, as then, much of the political and media establishments have bought into the notion that we must take drastic action quickly, even though there hasn’t been any new information to justify this sudden urgency. Now, as then, those who challenge the prevailing narrative, no matter how strong their case and no matter how solid their background, are being marginalized.

And fear-mongering on the deficit may end up doing as much harm as the fear-mongering on weapons of mass destruction."

The same Republicans who voted for every Bush spending bill that were not funded and every budget-busting tax cut now are trying to demonize Obama and his policy agenda. Republicans fucked up the country, now they get to fuck with the Administration trying to piece it back together.

Cynical posturing and political hypocrisy: The Republican brand.

Posted via web from liberalsarecool.com

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