Right Thinking From The Left Coast
I do not fear computers. I fear the lack of them - Isaac Asimov

Tuesday, September 07, 2010

You Want to Make an Omelet, You Have to Break Some Eggs

It’s getting pretty obvious, based on Hal’s recent posts alone, that as the elections are drawing closer, the Democrats are acting increasingly desperate, becoming more scattershot than Dick Cheney during hunting season.  Whether it’s a $50 billion “infrastructure” plan (which won’t do anything more substantive than jack up the value of Warren Buffet’s railroad stock), calling Americans a bunch of spoiled brats (way to make friends and influence people, Eugene!), or touting a “small business tax break,” the administration is doing anything and everything it can to try and not do a 180-degree impression of the shitkicking they gave to Republicans in 2006.

The latest evidence of this desperation?  Paul Krugman’s Labor Day op-ed, in which he makes this truly startling observation:

But it’s both instructive and discouraging to look at the state of America circa 1938 — instructive because the nature of the recovery that followed refutes the arguments dominating today’s public debate, discouraging because it’s hard to see anything like the miracle of the 1940s happening again.

The miracle of the 1940s?  You mean a World War that killed millions of people, and set the stage for even more global carnage in the post-colonial Third World?  And while we’re on the subject of the war, Krugman goes on to make this claim:

The economic moral is clear: when the economy is deeply depressed, the usual rules don’t apply. Austerity is self-defeating: when everyone tries to pay down debt at the same time, the result is depression and deflation, and debt problems grow even worse.

Now, Krugman was born in 1953, but surely he had at least one of his relatives talk about the massive consumer rationing that took place during the war--everything from gasoline to sugar to tires.  It’s absolutely stunning that in one breath, Krugman touts the “miracle” of a World War, yet completely ignores the fact that a big reason consumer spending went UP so much after the 1947-48 recession was because people had been forced to scrimp and save by the government for four years.  When the returning veterans finally settled back into the workforce (and their wives and girlfriends left it), people had large stores of money that they were waiting to spend.

In other words, a four-year austerity program contributed to a 20+ year economic boom, which lasted all the way up until the Middle East choked off our supplies of cheap oil.

Regardless of the economics in question, it’s downright sociopathic that Krugman is using the most violent conflict in human history as a justification for increasing government spending, and shows how amoral some of these people are when it looks like they are about to be thrown out of power.

Posted by on 09/07/10 at 02:52 PM in Celebrity Idiots   Elections   Election 2010   Left Wing Idiocy   Politics  • (0) TrackbacksPermalink
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