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Paul Krugman : The Obama Agenda (He has earned the people's mandate to redistribute)
NY Times ^ | Nov 7, 2008 | Paul Krugman

Posted on 11/07/2008 8:29:20 PM PST by SeekAndFind

Tuesday, Nov. 4, 2008, is a date that will live in fame (the opposite of infamy) forever. If the election of our first African-American president didn’t stir you, if it didn’t leave you teary-eyed and proud of your country, there’s something wrong with you.

But will the election also mark a turning point in the actual substance of policy? Can Barack Obama really usher in a new era of progressive policies? Yes, he can.

Right now, many commentators are urging Mr. Obama to think small. Some make the case on political grounds: America, they say, is still a conservative country, and voters will punish Democrats if they move to the left. Others say that the financial and economic crisis leaves no room for action on, say, health care reform.

Let’s hope that Mr. Obama has the good sense to ignore this advice.

About the political argument: Anyone who doubts that we’ve had a major political realignment should look at what’s happened to Congress. After the 2004 election, there were many declarations that we’d entered a long-term, perhaps permanent era of Republican dominance. Since then, Democrats have won back-to-back victories, picking up at least 12 Senate seats and more than 50 House seats. They now have bigger majorities in both houses than the G.O.P. ever achieved in its 12-year reign.

Bear in mind, also, that this year’s presidential election was a clear referendum on political philosophies — and the progressive philosophy won.

This year, however, Mr. Obama ran on a platform of guaranteed health care and tax breaks for the middle class, paid for with higher taxes on the affluent. John McCain denounced his opponent as a socialist and a “redistributor,” but America voted for him anyway. That’s a real mandate.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Editorial; News/Current Events
KEYWORDS: agenda; bho2008; democrat; democrats; economy; finances; krugman; obama; redistribute; redistribution; socialism; socialists; spreadingthewealth; taxes; yourmoney
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To: basil

If the man who is elected president is an idiot, why should I be proud if he has black skin, or if he is an albino? I’m left-handed. Should I be proud if someone who also is left-handed becomes president, even if I totally disagree with him? The logic of some people just overwhelms me.


21 posted on 11/07/2008 8:49:25 PM PST by fhayek
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To: DiogenesLaertius

I saw this guy on Lou Dobbs’s show tonight. He seemed incapable of grasping that construction jobs, financed by the Stimulus, were not long term jobs. Village idiots know more about economics than this Nobel Prize winner—what a disgrace.


22 posted on 11/07/2008 8:49:40 PM PST by rbg81 (DRAIN THE SWAMP!!)
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To: FormerACLUmember
I'd sooner take economic advice from Jack Klugman.

Krugman fails to define “affluent”. Chairman O alludes to the top 5%, which begins at $150k. Hardly affluent, particularly here in Montgomery County, MD.

I have a good friend who works in the financial planning industry who earns over $1 million annually. Another friend in the same industry earned $30k last year. This is an enormous disparity, in which one “controls” over 97% of the wealth. in the Chairman O/Krugman model, Obama has a “mandate” to right this egregious disparity. Problem is, the $1 million producer has been in the industry for 20 years, is extremely intelligent and proactive, has his CIMA and CFP certifications and has paid his dues. The $30k producer is 23 years old, one year out of college, just starting out in the industry.

I've challenged liberals with this scenario:

Sarah and Joe are salespeople for a specialized, big ticket software company. Sarah works long hours, networks, cold-calls, joins industry trade associations, learns her products and services inside and out, develops masterful presentations and closes a very high percentage of opportunities. Joe lacks ambition, fails to stay on top of and master his company's offerings, and chooses to work shorter hours and party with friends after work. Joe closes a far smaller percentage of opportunities than Sarah, but does not take the steps to improve himself. Sarah earns $500k/year, while Joe is content with earning $50k/year. Sarah “controls” 90% of the wealth.

Here's the question: How much of Sarah's wealth should be redistributed to Joe?

23 posted on 11/07/2008 8:49:41 PM PST by Chairman of the Bard
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To: Nathan Zachary

Okay, Krugman, you first. There is no way this urbanite doesn’t make more than the vast majority of America with his NYC wages.


24 posted on 11/07/2008 8:49:58 PM PST by Windcatcher (Obama is a COMMUNIST and the MSM is his armband-wearing propaganda arm.)
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To: SeekAndFind

From the article: “But it would be fair for the new administration to point out how conservative ideology, the belief that greed is always good, helped create this crisis.”

Actually, that’s the progressive ideology, Krugman. Your side is the one that’s selling greed and envy. After all, since we’re such a rich country, everyone deserves free stuff, right?

Conservatives understand greed is bad, but they are pragmatic about its motivating effect in a fallen world. Sure, it would be great if everyone shared everything according to need, but that simply doesn’t work. It’s been tried...many times...and it always produces less for everyone.

When properly channeled, greed produces social good. What do I mean by properly channeled? Well, when people get to benefit from their hard work to get more stuff, that ends up helping everyone by improving the economy. On the other hand, when people satisfy their greed by taking from others, the economic pie is reduced for all.

For a Nobel prize winner, you sure know very little about economics, Mr. Krugman.


25 posted on 11/07/2008 8:50:26 PM PST by CitizenUSA (Voted proudly for GOVERNOR Palin for VP (but not so sad that RINO McCain lost)!)
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To: SeekAndFind
If the election of our first African-American president didn’t stir you, if it didn’t leave you teary-eyed and proud of your country, there’s something wrong with you.

Go drink another gallon of Kool-Aid , Krugman. It left me disgusted America is so brain dead because of our TVs we elected/ the media selected a Kenyan-born communist.

26 posted on 11/07/2008 8:52:24 PM PST by A message (I'll respect 0bama the way the Dems respected President Bush- dissent is patriotic.)
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To: GOP_Lady

Oh yeah, the Enron consultant.


27 posted on 11/07/2008 8:53:53 PM PST by TC Rider (The United States Constitution - 1791. All Rights Reserved.)
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To: Nathan Zachary

Ummm now that’s funny, if there’s a mandate to pass out pie, the zero has a fascinating way of showing it...he said it may take a year or even a full term to cook up all this pie!

Forget pie...

POPCORN anyone?


28 posted on 11/07/2008 8:57:07 PM PST by tpanther (All that is necessary for the triumph of evil is that good men do nothing. Edmund Burke)
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To: mrmargaritaville

“hey krugman-how ‘bout we start with yours.”

exactly. I’d like to hear Mr. Obama publicly say he’ll begin spreading the wealth of......Mr. Krugman, Oprah, Springsteen, Ben Afleck, Bill Ayers, Rev Wright...etc.


29 posted on 11/07/2008 8:57:21 PM PST by 4integrity
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To: SeekAndFind
(He has earned the people's mandate to redistribute)

Krugman, you fink, you're always guaranteed Paul's support when you rob Peter to pay Paul...

Mark

30 posted on 11/07/2008 9:00:47 PM PST by MarkL (Al Gore: The Greenhouse Gasbag! (heard on Bob Brinker's Money Talk))
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To: Nathan Zachary
Bush served three terms? Krudman can count just as good as Obama.

I believe he was referring to a Republican controlled congress from 1994 to 1996.
31 posted on 11/07/2008 9:02:16 PM PST by SeekAndFind
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To: DiogenesLaertius

Don’t forget Carter won it also.


32 posted on 11/07/2008 9:02:20 PM PST by jospehm20
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To: SeekAndFind

CORRECTION : Make that 1994-2006


33 posted on 11/07/2008 9:02:43 PM PST by SeekAndFind
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To: Nathan Zachary
I believe he was referring to a Republican controlled congress from 1994 to 1996.

I meant 1994-2006
34 posted on 11/07/2008 9:03:46 PM PST by SeekAndFind
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To: SeekAndFind

....................Can Barack Obama really usher in a new era of progressive policies? Yes, he can................


Yes he can! Yes he can!! Hope! Change!!

Krugman believes that all that is under governmental control is good, ergot, anything that 0bama espouses is good.

Krugman is a total, blithering, complete, flaming asshole!


35 posted on 11/07/2008 9:06:35 PM PST by aShepard
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To: RaiderRose

The election of this Marxist is enough to make a proud American cry.


36 posted on 11/07/2008 9:06:47 PM PST by anniegetyourgun
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To: jospehm20
Don’t forget Carter won it also.

And there's Al Bore, Kofi Anand and of course the inventor of the airline hijacking/terrorism -- Yaser Arafat.
37 posted on 11/07/2008 9:06:51 PM PST by SeekAndFind
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To: GOP_Lady

They’re always goofy looking guys, aren’t they?


38 posted on 11/07/2008 9:06:53 PM PST by A_Former_Democrat
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To: SeekAndFind

He won by about 4 - 6 points. NOT A MANDATE to take OUR MONEY! We have been trying to pay for our house, our three kids’ college, and retirement for the 35 years we have been married. It is robbery to TAKE it and give it to deadbeats now! We worked hard, scrimped, saved.... We hope to KEEP OUR money! We do plan to EAT and to stay off of public assistance for the next few decades!


39 posted on 11/07/2008 9:07:13 PM PST by buffyt (I guess this is the CHANGE that Obama meant. Pennies on the dollar on our life investments.)
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To: SeekAndFind

Krugman is an anal aperture. 0bama has NO mandate to redistribute anything!


40 posted on 11/07/2008 9:07:38 PM PST by beethovenfan (If Islam is the solution, the "problem" must be freedom.)
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