Chicago Examiner: "[Krugman] is starting to look like the 'angry man'"

[berni_mccoy]

http://www.examiner.com/x-2886-Chicago-City-Hall-Examiner~y2009m3d30-Krugman-is-Wrong-Obama-is-Right

Nobel prize-winning Economist Paul Krugman's voice is being heard loudly across the United States, Europe and the world. And he has become President Obama's most persistent left-wing, progressive critic.

And he is wrong.

Paul Krugman appears on the cover of Newsweek in its current issue with an understated headline "Obama is Wrong."

...

What comes through loud and clear to me is that this is a more personal attack of the Obama Administration, rather than an attack of the policies and programs that President Obama is proposing. President Obama, I believe, is on the right track and President Obama is a student of history. The most important lesson that Obama has learned is that doing nothing is a prescription for failure.

I feel for Mr. Paul Krugman because it is a no-win situation for him. He is starting to look like the "angry man." President Obama will be vindicated and unfortunately, Krugman's reputation will be tarnished beyond repair not because he dared to say that Obama is Wrong, but the method he used to say it.

[closeupready]

1. The Chicago Examiner pushes Krugman back. Wow. Shocker. Not.

:eyes:

[berni_mccoy]

3. Too bad you missed the point. Krugman is ruining his own reputation here.

[Bunny]

2. This has no credence with me. Why, in the very last sentence, the author

did not refer to Obama as "President" Obama.

[berni_mccoy]

4. Close your eyes to the reality that your hero is ruining his own reputation then.

[w4rma]

6. This article is right-wing, pro-Wall Street, anti-Main Street hog wash. (nt)

[berni_mccoy]

8. LOL you don't like what it says so you call it Right Wing. Nice Freeper-style attack the messenger.

[Bunny]

7. I think the press should refer to my hero as "Nobel Prize Winning Economist" Paul Krugman.

It's simply unconscionable that he would be stripped of his title and referred to simply as "Mr." Krugman.

[high density]

12. lol

You got me...

[canadianbeaver]

15. He refered to "Obama is wrong" ...as in the article/cover.....

That to me is why he worded it that way......

[RaleighNCDUer]

5. The most important lesson that Obama has learned is that doing nothing is a prescription for failure

Never mind that Krugman's prescription is to do MORE.

This might be a valid criticism if Krugman was criticizing Obama's policies on Iran, or Korea, or gay rights, or guns - but Krugman is criticizing Obama on the economy, his field of expertise, and his criticism is that Obama is not going far enough, and doing too little is as bad as doing nothing.

That is not anger - it is worry. We are trying to fix the economy using the same means the Japanese did in the 90s - and we already KNOW it doesn't work.

Maybe we should listen to the guy with another plan.

[high density]

14. Geithner, et al are well aware of Japan

The Treasury's plan to rid the banks of toxic assets goes way beyond what the Japanese ever did (or rather, didn't do.) Japan just let the banks fester for a while instead of getting the toxic assets off the balance sheets, and they still haven't recovered from it. Basically they did what the Republicans want to do. Then on the Krugman side we have nationalization and receivership, which is a great slogan but the devil is in the details. Not to mention the costs of implementing Krugman's slogan versus what the Treasury is trying to do.

Geithner is going to try his plan first. If then, the banks still don't want to lend, that opens up avenues politically that may not be possible at this point in time. These ideas could include nationalization or something like direct lending by the Fed to businesses. The fact remains there will be no jump directly to either of these ideas without first depleting all the other leverage we've got against these financial institutions. The Treasury department is working on that currently.

[amandabeech]

9. Is the Chicago Examiner like the Washington Examiner in that is it very conservative?

You get heckled or locked for posting the Washington Examiner here.

Just asking.

[berni_mccoy]

11. Another kill the messenger response... nice.

[amandabeech]

17. I'm serious. I would never post the Washington Examiner here.

The only Chicago papers I know are the Tribune, the Sun Times and the old Reader.

I've never heard of the Examiner and the name is the same as the one here that is the rush hour version of the Moonie Times.

Chill out.

[ArchieStone1]

10. The Chicago who? n/t

[Tesha]

13. I hope Krugman *IS* wrong. But I'll bet he's not.

I'd really like it for Paul to be wrong. I like having
a job, and money to buy food and pay the mortgage.
So I hope Krugman is wrong and Obama and all of
his cronies are right and Obama's plan causes a
great economic recovery that makes us all safe.

But based on the various track records to date, I
think it's more likely that Krugman is more correct
than Obama et al..

Tesha

[lamp_shade]

16. He IS, and I hate to see it happening. n/t

[ClarkUSA]

18. MSNBC's Chuck Todd dismissed Krugman's whining as "emotional bias" a couple of weeks ago.

Krugman's axe-grinding PUMAish grudge match with Team O is useful, though, since he's a media whore who enjoys the spotlight.
The MSM is only to happy to use him as much as Rush Limbaugh to counterpoint President Obama.

[Forkboy]

19. Good, I like angry men. Anyone pleased with this world needs their head examined.