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Paul Krugman and friends struggle to take back the American Dream.
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As far as many were concerned, the U.S. had already tried the politics of austerity and they had only made things worse. As the fine folks at Reason magazine and others have pointed out, this is patent nonsense as the country has never stopped spending.
But try explaining this to the people who used to refer to themselves as the “reality-based community”. Instead they’ll argue with you that regulations create jobs and that the only problem with the stimulus bill is that it was too small. The collapse in Europe to them is in no way proof that the welfare state model is wrong.
At one point in his speech, Krugman confessed that he had a fantasy that Federal Reserve Chairman Ben Bernanke kept a “secret diary” in which he would scribble: “Krugman and all these people are right.”
Ladies and gentlemen, the left’s leading economic intellectual.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?
H/T to National Review Online