Here's Professor Paul Krugman explaining that he's losing faith.
But let’s be frank. It’s getting harder and harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right. In fact, if all you did was listen to his speeches, you might conclude that he basically shares the G.O.P.’s diagnosis of what ails our economy and what should be done to fix it.Professor Krugman, of course, was once one of the faithful believers in the President: in December 2007.
[..]One striking example of this rightward shift came in last weekend’s presidential address .. [New York Times July 8 2011 ]
I’ve been getting a lot of mail from people insisting that I must be giving Obama a hard time because I want a Cabinet job in the next Clinton administration. It couldn’t be that I really care about getting a progressive agenda through, and that I’m worried by the way he keeps echoing conservative talking pointsSo let's be frank. Professor Krugman "losing trust" in the President is like the drunk under the bar saying he's thinking about maybe having one drink. Here are the President's "rightwing" words from that speech:
And nothing can be off limits, including spending in the tax code, particularly the loopholes that benefit very few individuals and corporations.Maybe that is conservative, if so sign me up. For sure, I have no more patience for "progressives" who want to tell the President and the rest of us us what to say and how to talk - and that's the underlying substance of Professor Krugman's critique, the failure of the President to stick the script that the progressives have written. The President, however, is not Mr. Krugman's graduate assistant and he's not the errand boy.
Now, it would be nice if we could keep every tax break, but we can’t afford them. Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else. We’ve got to say to a student, ‘You don’t get a college scholarship.’ We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare.’
That isn’t right, and it isn’t smart. We’ve got to cut the deficit, but we can do that while making investments in education, research, and technology that actually create jobs. We can live within our means while still investing in our future. That’s what we have to do.
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