posted by King Minos in Money / Career

Krugman: GOP, Conservatives in 'Crisis!'

December 15, 2012

We're not having a debt crisis!/

No, what we’re having is a political crisis, born of the fact that one of our two great political parties has reached the end of a 30-year road. The modern Republican Party’s grand, radical agenda lies in ruins — but the party doesn’t know how to deal with that failure, and it retains enough power to do immense damage as it strikes out in frustration.

Ok, ok! I LIKE IT!

No need to get bogged down in the Krugman analysis with its rather exotic explanation of the GOP "starve the beast" strategy. (My gosh, Paul, let's hope we never meet the "well fed" government!)

HOWEVER, I was thinking of doing a sort of "I am sorry" and "I was wrong" and "Oh, my God!" sort of half-baked op-ed REGARDING Mitt Romney's defeat at the polls by you-know-who ...

I was, truthfully, expecting Romney to win! I even believe the conservatives out there were more upset about the loss than the Demos would have been .... if PBO lost!

Here's my handicapping the thing: The winning majority of white voters for PBO were folks who'd been told that Obama was responsible for giving-out all the Food Stamps, and perhaps Obama-phones; and who believed that if Romney should get elected, then they'd take away the food and the phones !!! Oh, and they were told Romney and Republicans hated the non-wealthy and the poor -- always did, always will!!

But back to Krugman ...

He tells us: "But the odds are that the next few years will be very, very ugly."

What the heck does that mean, really?

Will the Mayan curse prove partly true and set the country back into Depression?! (And, this time, "worse than the Great Depression" according to Ben Bernanke?)

Will we see, for instance, dogs and cats living together? Mayan warriors rising from the grave and haunting the halls of power in Washington, D.C.?

I hate it when Krugman -- who apparently knows everything -- leaves his audience hanging that way!

Just what are the failing GOPers going to do to the country in their last gasp, and with their last grasp on power??

SECRET: Neither party wishes to cut spending in meaningful ways. In the first place, it makes voters mad, and then someone may run against you! In the second place, since 1982, or so, the U.S. and its leaders have seen the credit limit raised on the national credit card until the limit now is over $16 trillion -- and we are assured, even now, of a polite "ok" should we decide to ask for a higher limit!!! Krugman points out the entire world is willing and able to lend the U.S. its surplus capital without even requiring a cent of interest!

I really don't see what the big problem is, or why the Republicans are planning to do something ugly: They don't want to cut anything, either! And if the demos can come up with some phony spending cuts in the out-years, well the Republicans will certainly go along with their own FAKE fiscal fix: Higher taxes on the wealthy!

Where Krugman sees a potential 'ugly' mess, the King sees business as usual! Both party's boats ought to float a little higher!

SURE, the true conservatives may feel lost and disoriented; but I think they will re-group knowing that now is still NOT quite the time to restore fiscal sanity and put the government and the U.S. economy back on a long-term sustainable basis!

If the lesson of the recent financial crisis were boiled down, it might say this: No leader ever gets credit for preventing a crisis!

It matters not what crisis: War; Dept; HIV pandemic; feral cat population explosion;

YOU ONLY GET credit, when you clean up the mess, like the mess after Hurricane Sandy!

SO THEN, let's wait for a debt crisis, or WHATEVER, to materialize! Then we clean it all up, and GET THE CREDIT!

As someone said, never let a great crisis go to waste!!!

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