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Insane Republicans
Corrente —
... is sucking up to insane people, since it's going to be 40% tax cuts, which provide less stimulus than spending. But here's the insane part: ...
Krugman expressing doubts about Obama massive tax cut plan
AMERICAblog News| A great nation deserves the truth —
Paul Krugman weighs in: [T]here’s a reasonable economic case for including a significant amount of tax cuts in the package, mainly in year one. But the numbers being reported — 40 percent of the whole, two-year plan — sound high. And all the news reports say that the high tax-cut share is intended to assuage Republicans; what this presumably means is that this was the message the off-the-record Obamanauts were told to convey. And that’s bad news. Look, Republicans are not going to come on board. Make 40% of the package tax cuts, ...
Three Hundred Billion In Tax-Cuts?
The Agonist - thoughtful, global, timely —
... tends to be met with fewer objections than plans for public investment “which, because they are not wholly wasteful, tend to be judged on strict ‘business’ principles.” What gets lost in such discussions is the key argument for economic stimulus — namely, that under current conditions, a surge in public spending would employ Americans who would otherwise be unemployed and money that would otherwise be sitting idle, and put both to work producing something useful.
Or this:
[P]ublic investment offers more bang for the buck. Second, public ...
Krugman: Obama Relying Too Much On Tax Cuts?
Politics on HuffingtonPost.com —
... In a blog post, economist Paul Krugman worries that President-elect Barack Obama is relying too much on tax cuts in his stimulus plan in an effort to appease Republicans. ...
Krugman: Obama Relying Too Much On Tax Cuts?
The Huffington Post | Full News Feed —
... In a blog post, economist Paul Krugman worries that President-elect Barack Obama is relying too much on tax cuts in his stimulus plan in an effort to appease Republicans. ...
Is Obama Overdoing the Tax Cuts?
The Stump —
Today's papers bring word that Obama wants to devote up to 40 percent of the stimulus plan to tax cuts, which seems partly intended to attract Republican support. For what it's worth, I'm not as worried about the idea as Josh Marshall and Paul Krugman, but some of the specifics do make me queasy.
Krugman writes that:
Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, ...
Republian Idealogues Happy With Tax Cuts, But How About The Poor?
Firedoglake —
... Krugman:
Look, Republicans are not going to come on board. Make 40% of the package tax cuts, they’ll demand 100%. Then they’ll start the thing about how you can’t cut taxes on people who don’t pay taxes (with only income taxes counting, of ...
News Flash: Obama to Fulfill Campaign Promises!
Angry Bear —
Tom Bozzo is amazed at the reaction of leading figures in the left blogiverse to the W$J's "news" that there will be tax cuts as part of the stimulus. See Aravosis, Digby, Krugman, Marshall. Can we cancel the circular firing squad? As far as I can tell from the Journal's reporting, the main tax elements are largely indistinguishable from what Obama was promoting in the fall. Here, for instance, is a snippet of the third debate: [Bob Schieffer:] Senator Obama, you proposed $60 billion in tax cuts for middle- income ...
Obama Courts Conservatives With Large Tax Cuts In Proposed Stimulus Plan
Wonk Room —
... ” comes from spending increases (particularly infrastructure investment, extending unemployment benefits, and temporarily increased funding for food stamps), while tax cuts are much less effective. Furthermore, as Paul Krugman noted, “public investment leaves something of value behind when the stimulus is over” whereas tax cuts do not. ...
Does Obama Have What It Takes To Rescue America From The Bush Economic Miracle?
DownWithTyranny! —
... So far Obama has shown himself to be a wimpy compromiser who is absolutely unwilling to stand his ground on anything. The Republicans see that and they certainly plan to take advantage of it-- in the most brazen partisan fashion-- and slow down and shred his plans for an adequate stimulus package. He's offering them a mammoth tax cut program, all ...
Hullabaloo — ... just for the sake of doing so. Not only is it unlikely, it will end up really eroding Obama's ability to draw on popular support to govern. Update: from digby --- I just wanted to intrude on dday's post to encourage you all to read the article to which he links called "Can Partisanship Save Citizenship" by Henry Farrell. It is very illuminating. . ...I want to further intrude on my own post to link to Krugman's view, via his blog, on the tax cut rumblings.
Remainders: Biden on the loose
Ben Smith's Blog —
... on Obama's having corrupt allies.
A judge orders the release of Blago tapes.
The Secretary of the Senate rejected his credentials.
Mitch Stewart and Jeremy Bird will run Obama for America and, with Jen O'Malley, likely play key roles in the 2012 reelect.
Psychology Today psychologizes Caroline's "you know."
She's losing ground in a new poll.
Rudy keeps his name in the mix in New York.
Krugman doesn't like all the tax cuts in the stimulus.
Ami Eden weighs in against ...
Examining the stimulus package
Daily Kos —
... , and Paul Krugman take a look at the emerging details surrounding President-elect Obama's stimulus package, particularly the roughly $300 billion in proposed tax cuts. ...
Would somebody please remind Barack Obama that he won?
Brilliant at Breakfast —
... himself that the kind of politics the Republicans play in Washington is a far cry from what they're able to get away with in predominantly Democratic Chicago, or if he just plain is a Republican in disguise, it's looking more every day like his idea of bipartisanship is less oriented towards persuasion and more the Harry Reid style of letting them take his lunch money and thanking them for doing it. Because the Obama Economic Plan is starting to look awfully Republican to me -- and to Paul Krugman: Let’s lay out the basics here. Other things equal, public ...
Obama's clever fiscal stimulus strategy
The Next Right —
Barack Obama appears to be making significant overtures to cultivate Republican support for his fiscal stimulus plan with massive tax cuts (albeit short-term tax shifts rather than structural changes or actual cuts). The Leftroots (and Paul Krugman) are fairly upset about this. Kevin Drum says this attempt to win bipartisan support (rather than just the few Republican votes he absolutely needs to secure passage) is a bad idea, because Obama is making concessions he doesn't have to make and diluting ...
How Obama's Tax Cut Gambit Is Shrewder Than You Think
The Stump —
... , which is powerful on its own, and Obama's denial of this motive.) In response to which, people like Paul Krugman argue that: ...
It's time to leave economic recovery to the grownups, and have the wingnuts obstructionists shut the hell up
DownWithTyranny! —
... In a Monday blog post called "Is Obama relying too much on tax cuts?," Paul Krugman allowed that there is a case to be made for including tax cuts in the stimulus package: ...
Earmarks and the Stimulus Bill
The Corner on National Review Online —
... on marginal projects. Paul Krugman, the foremost intellectual defender of the approach embodied in the bill, has expressed the worry only that there aren't enough things to spend all the stimulus money on. As he said on "This Week" a couple of weeks ago: "My problem is that the actual constraint is not going to be political will. No. The actual constraint is going to be finding enough stuff to spend on." This same worry is why he's favorable to some tax cuts as part of the bill in this post . Remember, the theory behind the bill is that in current circumstances pretty much any ...
Krugman: Obama's Stimulus Doesn't Go Far Enough
Politics on HuffingtonPost.com —
... Paul Krugman has already criticized President-elect Barack Obama for appearing to rely too much on tax cuts in his economic plan. Now he's adding a more general concern that the plan ...
Krugman: Obama's Stimulus Doesn't Go Far Enough
The Huffington Post | Full News Feed —
... Paul Krugman has already criticized President-elect Barack Obama for appearing to rely too much on tax cuts in his economic plan. Now he's adding a more general concern that the plan ...
Kick it Root Down
Obsidian Wings —
... There is room to criticize Obama's proposed stimulus plan: some could plausibly argue that certain of the tax cuts are less than ideal in terms of delivering stimulus and/or job growth. ...
Kick it Root Down
Newshoggers.com —
... There is room to criticize Obama's proposed stimulus plan: some could plausibly argue that certain of the tax cuts are less than ideal in terms of delivering stimulus and/or job growth. ...
1/13: Oh, Guantanamo
Blogometer —
... of tax cuts that Krugman and other economists think will be ineffective stimulus measures in order to try to attract additional GOP support. [...] As I have ...
So Every House Republican Voted Against Stimulus. What Do We Learn?
MoJo Blog Posts: mojo —
... . Obama, who had hoped for a widely supported bill, got stonewalled despite doing three things: (1) fashioning roughly 1/3 of the package out of tax cuts, which the GOP loves; (2) going to the House Republican caucus and asking for their input; and (3) pulling provisions from the bill that Republicans didn't like ( ...
Insane Right-Wing Tax Cut Fetish
Comments from Left Field —
... And most recently, in his NYT column dated January 5, 2009, Krugman questions Pres. Obama’s over-reliance on tax cuts in the stimulus package (the one that just passed in the House without a single Republican vote): ...
Tentative Stimulus Deal Confirms Krugman’s Law
Suburban Guerrilla —
... by bringing a knife to a gun fight with Congressional Republicans, it’s hard to disagree with New York Times columnist Paul Krugman’s January 5th prediction of what would come to pass. Call it Krugman’s Law: ...
Open Thread for Night Owls, Early Birds & Expats
Daily Kos —
... While many of my liberal allies disagree with my assessment that President Obama got rolled by bringing a knife to a gun fight with Congressional Republicans, it's hard to disagree with New York Times columnist Paul Krugman's January 5th prediction of what would come to pass. Call it Krugman's Law: ...
Gov. Perdue: States Shouldn’t Rely On Supply-Side Economics During Recession
Think Progress —
... Opportunity, and Business Success Act of 2009,” a businesss tax cut-centered bill that would cost $340 million a year in lost revenue. True to conservative form, the legislation cuts the state capital gains tax in half. The bill would also be a “substantial tax increase on most low- and middleincome Georgians,” notes the Institute on Taxation and Economic Policy
Indeed, supply-side tax cuts tilted towards big business and the wealthy are anti-stimulative during a deep recession, and do not lead to appreciable gains in revenue for ...
Having Ignored Krugman’s Law, Obama Should Heed Cheney’s Law
The Moderate Voice —
Both laws are essentially the same — the only difference being that one is stated as a warning, the other as a credo:
On January 5th, the Nobel prize-winning New York Times columnist Paul Krugman predicted what would come to pass in an early statement of Krugman’s Law. For all of his goodwill, White House meetings, compromises and lofty rhetoric, the new President would - and did - get the back of the hand from Republicans:
“Look, Republicans are not going to ...
