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Politics : View from the Center and Left

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To: JohnM who wrote (103547)	2/9/2009 8:49:14 AM
From: Bread Upon The Water	Read Replies (1) of 542009

After sleeping on it I've decided to come clean. I wanted to do more than simply present an alternate view of Krugman. If I understand the way you are using Krugman, it is to buttress the argument that Obama's financing plans in the social safety net area are OK. Like Steve, I disagree with the idea that we ought to be lumping safety net programs into the mix with job creation. I think those programs ought to be debated separately because I happen to believe (rightly or wrongly) that we are in the process of making ever limitless demands on limited resources. Therefore, I wish to undercut your's and Krugmans arguments that we can afford to do economically. Barro is saying, if I understand it correctly, that Krugman is arguing in an area he hasn't done any work in. That is a shot alright, but cheap? Only if untrue. Anyway my intent is/was to diminish Krugman's stature as an authority for the argument that we can afford to do this.

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