link here to article
Krugman understands that Obama is limited by GOP control of the House but he hits Obama hard for announcing the deal as an achievement. Why he would claim victory by announcing the largest budget cuts in history is rather silly. The GOP forced the cuts on him and they are the ones who will benefit from the deal with most of their base (Some Tea Partiers wanted bigger cuts).
The cuts in the budget will damage the anemic recovery that is underway and it will cancel out the positive impact that he got in the last deal with the GOP in which he traded extension of the Bush tax cuts for middle class tax cuts which have some impact on the economy.
This is just another example of Obama trying to stay above the fray instead of trying to use his position as President to sell the public on his reasons for keeping the short term focus on jobs and dealing with budget deficits after the economy recovers.
No comments:
Post a Comment