I have said it before, and I will say it again: Paul Krugman may be a nobel winning economist, but he should keep his day job. He's a terrible political commentator, especially when he goes after pre-emptive attacks on President Obama. In his column in the New York Times today, he delves into one such pre-emptive war on President Obama, saying that "Obama is missing" - while, of course, having not a clue on what he would do and how he'd legislatively accomplish that. Here's his opening salvo:
Maybe that terrible deal, in which Republicans ended up getting more than their opening bid, was the best he could achieve — although it looks from here as if the president’s idea of how to bargain is to start by negotiating with himself, making pre-emptive concessions, then pursue a second round of negotiation with the G.O.P., leading to further concessions.
This - "Republicans ended up getting more than their opening bid" - is so disingenuous and intellectually bankrupt that I don't even know where to begin. You see, if you just read that and don't know recent history, it would be reasonable for you to be outraged to hear that President Obama gave the Republicans more in cuts than even they originally wanted.
Except it's a bunch of horse manure, and I suspect Krugman knows it. This number comes from Boehner and House Republican leader's original offer in January, which blew up on its own, and
conservatives in their own party took it down. Boehner folded like a cheap wallet, because he did not have enough votes in his own caucus to pass those cuts. What the Republicans ended up passing in the House, which by any honest measure should be considered their original offer in the negotiations, was
$61 billion in cuts, or on an annualized basis, $100 billion in cuts, in line with their "Pledge to America."