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Politics : View from the Center and Left
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To: Steve Lokness who wrote (257835)8/8/2014 4:44:54 PM
From: JohnM  Read Replies (3) of 541525
 
Gonna watch out for the kitchen sink soaring toward me. Don't know why it's important to you to mischaracterize Krugman's argument as a wholistic one. It's only about job creation. Pure and simple. Krugman, like many of us, considers the Reagan years as the defining moment in the loss a hardy middle class. It was certainly caused by other factors, but, as Rick Perlstein argues in his most recent book, it was the moment in which the political structures lost the opportunity to hold the poison at bay. Reagan just added to it.

However, Krugman, in this particular piece, just argues, on the basis of data you have yet to try to refute, that Reagan had weaker aggregate job creation numbers than Carter. Ouch!!

As for the argument about his early bad years being the consequence of Carter's work, then it would only make sense to adjust Obama's for the Bush effect.
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