Abstract: Paul Krugman resorts to personal attacks and
demonization of his political enemies by proxy in this new bewildering stew of innuendo,
hokum and the conspicuous absence of tact or attention to historical
particulars. This outburst displays the desperation
of the far left and their progressive handlers. The tautological central
tendency to tax and spend is not lost or abridged in this piece. He will call for more taxes and spending at
any time to the roaring applause of his left-liberal followers. This is a two
note song[1] that goes
toot1 and culminates with a resounding toot2 although the order may be reversed and
any note may be stuck as many times as is necessary [retoots].
Citing the most important and influential tomes of propaganda ever
to be set to print we cannot avoid comparing those works , of any particular political
vector, to the contemporary pages of the near-bankrupt NYT. This ragzine —aka the Walter Duranty Papers[2][3]—is a
turn-of-the-crank Marxian puppet stage where
kinky intermezzos and grand opera ring until the wall paper curls. We must always be alert for subterranean
political designs and other odd bits of personal and toxic propaganda that are
thoughtfully woven into the fabric of the average op-ed piece presented before
us. As is tautologically universal in the Paul Krugman essays[4], his
propaganda pieces frequently begin with a demonic historical character that is
being used to characterize his enemy of the moment. The target today,
perpetually and always is to attack any person or idea that might deter our
phony Nanny State government from raising taxes and spending more to bloat our
already cancerous government. The inefficiency of the government and its
terminal debt load are not an issue. Spend, spend and spend.The banter and
hokum in this op-ed is a tired retreading of the old progressive tyre for power
and money by demonizing, in this particular episode, Eric Cantor, a patriot who stands firm in his
insistence that the Obama Administration is a total social and fiscal horror
show. The rest of us know this is just progressive politics in its usual rancid
and infective format. Lurking between the lines of this screed with the hidden
agenda being the usual tautological quest for more taxes, higher spending and
bigger government this krugmanical piece is as stale as they come.
How to best read my blogs:
[I offer extensive quotes in this blog so that the
reader can view the exact language and can be confident that nothing was taken
out of context or that nobody was misquoted. The easiest way to take in the
salient points is to read the emphatic points in the quotes and
then peruse my comments.
Comments on my comments are always welcome: ryckki@gmail.com.]
He begins:
““Have you left no sense of decency?” That’s the question Joseph Welch
famously asked Joseph McCarthy, as the red-baiting demagogue tried
to ruin yet another innocent citizen. And these days, it’s the question I find
myself wanting to ask Eric Cantor, the House majority leader, who has done more
than anyone else to make policy blackmail — using innocent Americans as
hostages — standard operating procedure for the G.O.P.”[5]-- Eric and Irene By PAUL KRUGMAN OP-ED COLUMNIST
Published: September 1, 201 [Emphasis is mine in
all quotes.]
The chief
difficulty here is the unreasonable comparison between Canter and Senator
McCarthy. Much of this smear of Joe McCarthy has been examined and debunked by
several sources: Wes Vernon[6] analyzed the
history for the movie about Edward R. Murrow to answer the hype and distortions in "Good Night and
Good Luck". A more detailed analysis is book Blacklisted by History by M. Stanton
Evans.[7]
I have some blogs on this topic as well. [8],[9]
The facts are that Joe
McCarthy was attacked because of his attacks on Communists that infested the FDR, Truman and Eisenhower
administrations. A phony playing record was even shown in the halls of Congress
that purported to have the infamous McCarthy speech in Wheeling WV and was
later found to be a blank from a confession under oath at some Congressional
hearing. McCarthy’s personal financial accounts were published in the
Congressional Record in a frantic and violent smear so as to keep some loyal
Commies in their cushy government jobs, mostly in the State Department.
The basis of this rant:
“A few weeks ago, Mr. Cantor was the hard man in the confrontation over
the debt ceiling; he was willing to endanger America’s financial
credibility, putting our whole economy at risk, in order to extract budget
concessions from President Obama. Now he’s doing it again, this time over
disaster relief, making headlines by insisting that any federal aid to the
victims of Hurricane Irene be offset by cuts in other spending. In effect, he
is threatening to take Irene’s victims hostage.” - Eric and Irene By PAUL
KRUGMAN
This part is reeking with poison of the sort that Locusta[10] used on her
political enemies. These accusations are merely infantile retorts to Cantor and
others who think these progressives are bankrupting American and saddling her with insurmountable
debt all aimed at our defaults so the progressives can announce that
‘capitalism has failed.’ Obama and his phony stimuli have failed. Spend
spend spend. We already have a disaster as our economy is collapsing and our
currency is going to be debased one way or the other and inflation[11]
is the major avenue. There is no evidence that the stimuli to the states have
done anything as yet. Cash for clunkers[12],
[$24,000 spent per car at a sales level of $35,000 or less], shovel-ready
projects that never started, mortgage ‘adjustments’ for the ‘poor’ were tried
then the recidivism rates hit 70%[13]
are examples of this stimulus joke. This
folly and other phony measures have done nothing but waste federal funds and
plunged us further into debt. The call for fiscal responsibility in these two
states [CA and NY] is like whistling in the forest for a lobster and champagne
dinner to suddenly appear on an old stump along with some mariachi music and a
belly dancer for entertainment.[14]
Picking at nits:
“Mr. Cantor’s critics have been quick to accuse him of hypocrisy, and
with good reason. After all, he and his Republican colleagues showed no
comparable interest in paying for the Bush administration’s huge unfunded
initiatives. In particular, they did nothing to offset the cost of the Iraq
war, which now stands at $800 billion and counting.” - Eric and Irene By PAUL KRUGMAN
This is revolting. Obama
can stop those wars at any time but now sends 2000 Marines to Libya. Where is
the acknowledgement that those Ponzi schemes Social Security and Medicate have
broken the bank. SS has a 15.2 trillion dollar debt liability and Medicare has a mere 80.03 trillion dollar
load. Not to mention that Obama wanted to spend 9l trillion more and
Krugman pasted this up as small using cherry-picked numbers from Alice in
Wonderland.
“What you have to bear in mind is that the economy — and hence the federal
tax base — is enormous, too. Right now GDP is around $14 trillion. If economic
growth averages 2.5% a year, which has been the norm, and inflation is 2% a
year, which is the target (and which the bond market seems to believe), GDP
will be around $22 trillion a decade from now. So we’re talking about adding
debt that’s equal to around 40% of GDP.” - Eric and Irene By PAUL KRUGMAN
“What you have to bear in mind is that the economy —
and hence the federal tax base — is enormous, too. Right now GDP is around $14
trillion. If economic growth averages 2.5% a year, which has been the norm, and
inflation is 2% a year, which is the target (and which the bond market seems to
believe), GDP will be around $22 trillion a decade from now. So we’re talking
about adding debt that’s equal to around 40% of GDP.
Right now, federal debt is about 50% of GDP. So even if
we do run these deficits, federal debt as a share of GDP will be substantially
less than it was at the end of World War II. It will also be substantially less
than, say, debt in several European countries in the mid to late 1990s. (There are
some technical issues in comparing these various numbers — gross debt versus
net (mainly about Social Security) and overall government debt versus federal,
but they don’t change the basic picture.)”[15] - How big is $9 trillion? By
PAUL KRUGMAN
“And, yes, I
mean one of our parties. There are plenty of bad things to be said about the
Democrats, who have their fair share of cynics and careerists. There may even
be Democrats in Congress who would be as willing as Mr. Cantor to advance their
goals through sabotage and blackmail (although I can’t think of any). But, if
they exist, they aren’t in important leadership positions. Mr. Cantor is. And
that should worry anyone who cares about our nation’s future.” - Eric and Irene By PAUL KRUGMAN
No
comments on this massive debt and
ultimate US default? No! Just keep spending so the progressives can stay in
power.
rycK [a 5th
generation Californian in exile]
Comments to: ryckki@gmail.com
[1] Krugman Exhausts His Vocabulary
by Monotonously Reciting the Only Two
Words He Understands In Economics: Tax And Spend. Let’s Tax the Stock Markets!!
“Abstract: Paul Krugman
is a two-toot political advocate whose machinations are limited to only two
choices: whether to tax [toot 1 if you please] and spend [toot 2] or whether to
spend and tax later [reversed retoots]. That is his dilemma. Which comes first—or does it matter-- to a
socialist?”
[2] The Babbling Brooks
of the NYT
Babbles about Israel and Hamas
[3] In honor of that celebrated Communist stooge and liar
and winner of the Pulitzer Prize for the NYT .
The color RED
is used in my essays in honor of Walter Duranty, a saint, if there could be
one, in the Marxist Archives of Honor.
“He said that these people had to be "liquidated or melted in the
hot fire of exile and labor into the proletarian mass". Duranty claimed
that the Siberian labor camps were a means of giving individuals a chance to
rejoin Soviet society but also said that for those who could not
accept the system, "the final fate of such enemies is death."
Duranty, though describing the system as cruel, says he has "no brief for
or against it, nor any purpose save to try to tell the truth". He ends the
article with the claim that the brutal collectivization campaign which led to the famine
was motivated by the "hope or promise of a subsequent raising up" of
Asian-minded masses in the Soviet Union which only history could judge.” http://en.wikipedia.org/wiki/Walter_Duranty
[4] Krugman Searches for His Own Truth in an Irish
Mirror. He Reflects upon the Mirror and Finds Himself as Originator of the Eternal
Solution. Tax and Spend.
Published: September
1, 201 http://www.nytimes.com/2011/09/02/opinion/krugman-eric-and-irene.html?src=ISMR_AP_LO_MST_FB
[7] Blacklisted by History: The Untold Story of Senator
Joe McCarthy and His Fight Against America's Enemies by M. Stanton Evans Crown
Forum, November 6, 2007.
[8] The Universality of McCarthyism and the Political
Diodic Effect.
Posted by rycK on Tuesday,
February 26, 2008 1:54:55 PM
[9] McCarthyism Revisited and Revised and a Sentinel Set
to Watch for Its Return in the Presidential Elections of 2008.
McCarthyism Revisited and Revised and a Sentinel Set
to Watch for Its Return in the Presidential Elections of 2008
[10] Locusta was a Roman serial killer during the 1st century AD. http://en.wikipedia.org/wiki/Locusta
[11]
Gangrening the Greenback as Explained by Warren Buffett. Liberalism Has New
Excuses for Spending and Printing Money.
[12] Imaginary Numbers in the Starry Skies and the Quest for
a Crystal Ball: Our Government Announces Job Creation Success with their
Stimulus Program!
[13] ““HSA is showing high redefault rates on the early offerings,” FHFA
director James Lockhart noted in a Congressional report this week. “Performance
on the February through April offerings shows a redefault [or recidivism] rate
of almost 70%, which
calls into question the program’s assumptions that borrowers have the capacity
to make payments going forward.”” -- Fannie
Program Sees 70% Recidivism By Diana Golobay May 22, 2009. Fannie Program Sees
70% Recidivism By Diana Golobay May 22, 2009. http://www.latimes.com/business/la-fi-fannie6-2009nov06,0,4259740.story?track=rss
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