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DomYngBlk -> RE: Krugman's Revisionism Now the EU on fire (11/16/2011 5:26:35 AM)
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ORIGINAL: FirstQuaker
Paul Krugmam, the "liberal" (and I use that term in the USAsian sense) economic guru, is now attempting to rewrite history to duck the failings of his and "social democrats" beloved EU..
Krugman, who is described in wiki as -
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In a 2003 article, The Economist noted that Krugman's critics argue that "his relentless partisanship is getting in the way of his argument". The Economist also wrote that the vast majority of Krugman's columns feature attacks on Republicans and almost none criticize Democrats, making him "a sort of ivory-tower folk-hero of the American left—a thinking person's Michael Moore"[13] Libertarian conservative and federal appeals court judge Richard Posner called Krugman "an unabashed Democratic partisan who often goes overboard in his hatred of the Republicans."[156] He also notes that Lyinginponds.com, which tracks partisanship among public intellectuals, has in most years from 2002–2008, ranked Krugman number 1 or number 2 among Democratic columnists for partisanship.[156] Liberal journalist and author Michael Tomasky in The New York Review of Books stated "Many liberals would name Paul Krugman of The New York Times as perhaps the most consistent and courageous—and unapologetic—liberal partisan in American journalism."[157] New York Magazine called Krugman "the leading exponent of a kind of liberal purism", while liberal historian Michael Kazin has opined that Krugman’s account of the right succumbed to the Marxist flaw of false consciousness.[158]
is forced to make statements and be in positions like -
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In his piece Mr Krugman also makes the astonishing claim that the doomed European Project was originally “cheered” by American conservatives but “questioned” by US liberals:
The attempt to create a common European currency was one of those ideas that cut across the usual ideological lines. It was cheered on by American right-wingers, who saw it as the next best thing to a revived gold standard, and by Britain’s left, which saw it as a big step toward a social-democratic Europe. But it was opposed by British conservatives, who also saw it as a step toward a social-democratic Europe. And it was questioned by American liberals, who worried — rightly, I’d say (but then I would, wouldn’t I?) — about what would happen if countries couldn’t use monetary and fiscal policy to fight recessions.
I don’t recall “American right-wingers” cheering on the rise of the single currency, and the growth of a European superstate. Quite the opposite, in fact. British-style Euroscepticism has always been fashionable among US conservatives who have long admired Lady Thatcher’s views on Europe, but mocked and derided by the State Department and by the Left. American liberals in contrast have long been among the biggest supporters of the European Project. Witness the fawning Eurofederalism of the Obama administration as well as bastions of the ruling liberal elites such as The New York Times. Krugman is rewriting history now that the European model, beloved by East Coast liberals, is going down in flames.
So USAsian "conservatives" support the EU while the USasian "liberals" fought it tooth and nail now? Funny I see Obama over there every other week trying to help the fellahs prop the place up.
Must suck to realize that
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The reality that Krugman refuses to accept is that Europe offers a glimpse of America’s future if it continues down the path of European-style big government. The root of Europe’s financial crisis lies in decades of over-spending and over-borrowing, largely to pay for overgrown and bloated welfare systems, vast public sectors, and incredibly generous pension plans. Europe has a huge entitlements disaster heading its way, with graying electorates unable to sustain the status quo. Added to this has been the disastrous euro experiment, which has created a one-size fits all approach for 17 EU countries, with varying levels of economic advancement. It has been a huge leap into the dark, without a shred of democratic accountability.
Paul Krugman is rewriting history now that the eurozone, beloved by US liberals, is going down in flames
Looking like a replay of how crestfallen the same crew was when the Soviet Union collapsed.
The US business community has always loved the idea of the Euro as one zone. Since the US business community can rightly be labeled as Conservative then Conservatives backed the Eurozone. Nothing Krugman has said is incorrect.
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