Paul Krugman recently wrote an article entitled “Triumph of the Wrong”. The piece was so inane and full of leftist talking points and falsehoods that I felt I needed to address them. I was especially taken by some other liberal/statists reaction to the piece, one of unquestioning acceptance, reminding me too much of the book “1984”. I have replied to his points paragraph by paragraph, my comments being in blue.
Triumph of the Wrong
The race is not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet midterms to men of understanding. Or as I put it on the eve of another Republican Party sweep, politics determines who has the power, not who has the truth. Still, it’s not often that a party that is so wrong about so much does as well as Republicans did on Tuesday.
Of course this has nothing to do with the underhanded and dishonest way the Dems have been governing. I do agree that “politics determines who has the power not who has the truth” otherwise Dems would never be elected—ever. They had to lie about Obama care in order to get it through (without one Republican vote) and now years after it’s passing, people can see the fecal breakfast that has been served to them by the Dems.
I’ll talk in a bit about some of the reasons that may have happened. But it’s important, first, to point out that the midterm results are no reason to think better of the Republican position on major issues. I suspect that some pundits will shade their analysis to reflect the new balance of power — for example, by once again pretending that Representative Paul Ryan’s budget proposals are good-faith attempts to put America’s fiscal house in order, rather than exercises in deception and double-talk. But Republican policy proposals deserve more critical scrutiny, not less, now that the party has more ability to impose its agenda.
Wow talk about double-talk…did you actually say anything in the above paragraph?
So now is a good time to remember just how wrong the new rulers of Congress have been about, well, everything.
First, there’s economic policy. According to conservative dogma, which denounces any regulation of the sacred pursuit of profit, the financial crisis of 2008 — brought on by runaway financial institutions — shouldn’t have been possible. But Republicans chose not to rethink their views even slightly. They invented an imaginary history in which the government was somehow responsible for the irresponsibility of private lenders, while fighting any and all policies that might limit the damage. In 2009, when an ailing economy desperately needed aid, John Boehner, soon to become the speaker of the House, declared: “It’s time for government to tighten their belts.”
Certainly the Republicans have their flaws in the whole 2008 debacle…the Dems have much more culpability in it though. You can see my analysis of this in my article Wrong “Whys” and Universal Laws and Are Banks to Blame for the Financial Crisis? That being said Krugman thinks government had NO culpability in this and especially not Democrats? This is just a bald face lie.
I covered this in my article that it was the community reinvestment act that started this whole ball rolling passed under Carter. Then Clinton in the 90’s put teeth in the bill and started pushing and hectoring banks to lend to bad credit risks. I remember the Democrat’s accusations of banks “Red Lining” and that water being carried by the mainstream media (though I now call them the Pravda Press).
Frank Dodd and Barnie Franks pushed and pushed this. Banks not wanting to be pilloried tried to comply but they did not want to responsible for the crap storm that was sure to follow.
Fanny Mae and Freddy Mac were tasked to buy much of this bad paper and then the banks with not just the approval but the sanction of congress went to town. The GOVERNMENT, not anyone else started this. The banks relieved of the responsibility to fund bad loans pawned them off on the government supported entities and other private institutions that were foolish enough to believe the government propaganda put out by the likes of Dodd and Franks … (and where have we heard these names since…oh yes, the Dodd/Franks bill, who, trying to cover their ass after crap storm, passing a bill to further regulate the finance industry but of course this never addressed actual cause of the crisis (well…they had to do something!). They then both promptly retired.
They along with any banks that fraudulently passed on this bad paper should have gone to jail. But to Krugman, Democrats can do no wrong and if they ever do…it is the Republicans that are to blame.
So here we are, with years of experience to examine, and the lessons of that experience couldn’t be clearer. Predictions that deficit spending would lead to soaring interest rates, that easy money would lead to runaway inflation and debase the dollar, have been wrong again and again.
Governments that did what Mr. Boehner urged, slashing spending in the face of depressed economies, have presided over Depression-level economic slumps. And the attempts of Republican governors to prove that cutting taxes on the wealthy is a magic growth elixir have failed with flying colors.
OK…do people actually check on the sort of statements you make, Krugman?
Which states are doing well right now? Not what the Dems and Dem mouthpieces such as Krugman are promoting but actually? The states that have Republican governors are the ones that are doing well, period.
People and businesses are leaving New York and California in record numbers. It is hard to believe that Krugman can get away with this sort of drivel but recently having debates on Facebook with some committed statist, it is plain to me that they will believe anything one of their breed tells them without further inspection.
I might add that one of the reasons the American economy has not succumbed to runaway inflation and a debased dollar is that the Fed is pumping trillions of dollars into the economy and due to the depressed state of the European economy; they are investing in the US because it is still the safest place for their money. These chickens will at some point, come home to roost.
In short, the story of conservative economics these past six years and more has been one of intellectual debacle — made worse by the striking inability of many on the right to admit error under any circumstances.
Then there’s health reform, where Republicans were very clear about what was supposed to happen: minimal enrollments, more people losing insurance than gaining it, soaring costs. Reality, so far, has begged to differ, delivering above-predicted sign-ups, a sharp drop in the number of Americans without health insurance, premiums well below expectations, and a sharp slowdown in overall health spending.
Again, this is just an outright lie. The above statement is not reality; it is Krugman’s wet dream. I guess you could say: “above predicted sign-ups” IF you do not use the original predictions but the revised lower ones, but that is just not very good form and not at all honest. One might think you are trying put one over on your readers. Premiums are increasing as well as deductibles, if they were not, people would be pleased with the bill. They are not.
Paul, Paul, Paul…you really should not believe the left wing blogs touting this stuff. Of course you and they are safe with the true believers; they will never check the facts and never question your very spotty integrity.
And we shouldn’t forget the most important wrongness of all, on climate change. As late as 2008, some Republicans were willing to admit that the problem is real, and even advocate serious policies to limit emissions — Senator John McCain proposed a cap-and-trade system similar to Democratic proposals. But these days the party is dominated by climate denialists, and to some extent by conspiracy theorists who insist that the whole issue is a hoax concocted by a cabal of left-wing scientists. Now these people will be in a position to block action for years to come, quite possibly pushing us past the point of no return.
Give it a rest Paul. There may have been a time when the environmental left had the upper hand in getting out this false story. The only problem is there has not been any warming in what…15 years or more? The predicted melting of the icecaps has not come to pass…sorry. Your Al Gore “god” was mistaken. Ok, I know you and the rest of the statists changed it from “warming” to “Climate change”. That is what statists do…if the lie isn’t working the way it is, change the verbiage to something more palatable.
Even if it is conceded that there is “warming” the blame that it is man made cannot be argued with any credibility. When the weather can be predicted with any accuracy for over a week I might be able to buy into the computer models that are the source of these predictions.
Krugman is more propagandist than economist. Don’t get me wrong I have no love for the Republicans that have been trending progressive over the past years, who, afraid of their own shadow fail to stand up to a President that would be tyrant. The people who voted in the past election wanted to stop this President and his agenda, not to mention his toadies in Congress.
Now is the time for those who believe in limited government and the Constitution to press this advantage and put the intellectually bankrupt progressives/statists behind them. It is this progressive/statist faction that picked the lock of shackles that bound the federal government. Make it plain to the new crop of Republicans we expect them to use all the tools they have to start getting the government back into those shackles.