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COMMUNITY PUNDITS
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LiberalBuzz 09:14 PM on 01/02/2013
I have to agree with Krugman and others.

Funny how congress created this phony fiscal cliff and then congratulated themselves on not going over it???

Obama is the worst negotiator I've even seen. There is indeed a difference between compromise and giving in. Obama all too often caves and there is absolutely no reason to be doing that anymore.

He's in charge, the American public voted  Read More...
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HUFFPOST SUPER USER
exmate
Life is about playing a poor hand well.
12:05 PM on 01/03/2013
At some point, transfer of wealth from the mddle class to the top 1% there will be a reduction of middle class demand for goods and services.
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HUFFPOST SUPER USER
exmate
Life is about playing a poor hand well.
12:02 PM on 01/03/2013
Tax cuts for the rich were started by Reagan on ATLAS SHRUGGED theory that the richest 1% are the job creators.

30 years have proven that Ayn Rand had her head located in that caudal end of her digestive tract.
01:48 PM on 01/03/2013
There are plenty of jobs being created. The theory didn't say the jobs had to be in the US. Now there are about several hundred million Chinese to employ before the cost of manufacturing in China becomes a net loss.
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HUFFPOST SUPER USER
exmate
Life is about playing a poor hand well.
11:57 AM on 01/03/2013
A. 30 years of transfering wealth from the middle class to the to the top 1% started by Reagan has reduced middle class demand for goods and services.

B. Ayn Rand's ATLAS SHRUGGED is not an economics text.

C. Middle class demand for goods and services has more to do with job creation than top 1% supply of capital which is more likely to go to the stock market and inflate stock prices.
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Rebel 985
It is what it is...
11:45 AM on 01/03/2013
Where in the constitution does it say that if you sneak into America you can remain without question until such time as we give you amnesty? That IS NOT how our immigration laws were designed. Obama is doing nothing but attempting to buy more votes for the Democrat party. Not only does he not have authority, but he does not have a brain. Did someone forget to tell him we are in a recession around here already, and with the new tax bill it WILL become a depression. We cannot afford anymore social welfare people on the books.

This is all part of the Obama plan to destroy America from within, and so far he is doing a good job at it.

Obama and his sorry followers are being exposed for who they are. Modern Day Communist renamed Liberal- Progressives.
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Electrum 01
And the horse you rode in on.
11:32 AM on 01/03/2013
I don't like calling President Obama a wimp. There's been enough disrespect, yet otherwise I agree with Krugman.
11:31 AM on 01/03/2013
The wimp president
The food stamp president
The ObamaPhone president
The novelty president............
Take your pick.
11:22 AM on 01/03/2013
Just when I thought Krugman hit rock bottom, he grabbed a shovel & reached new lows. Perhaps Pravda would be a better venue.
11:14 AM on 01/03/2013
He will go down in history as a hustler. Much better then, let say, Al Sharpton, but a hustler none the less.
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HUFFPOST SUPER USER
exmate
Life is about playing a poor hand well.
10:39 AM on 01/03/2013
The middle class provides most of the demand for goods and services in the USA.

Since 1980 (when the top 1% had 33% of total wealth) there has been a steady transfer of wealth to the top 1% until it is now 40%.

Middle class demand for goods and services creates jobs. When the top 1% gets extra money, they put their money in the stock market and stock prices go up.



What was to stop Obama insisting on the $250,000 income per year threshold for raising taxes? Any Congressman voting against that would need to explain in 2014 to those voters earning less than $250,000 why they were being held hostage in order to maintain the GW Bush tax cuts for the rich.
Vinkaye
science matters
11:48 AM on 01/03/2013
Especially considering he just won an election, by a wide margin. During the election the question was put to the voters, protect the rich, or raise their taxes to share the burden.... the voters said "share the burden".
10:37 AM on 01/03/2013
What exactly got "thrown away"? Further, since when does the President of the United States belong to Congress and have a vote in legislation? Stick to economics. Constitutional procedure with regard to our government doesn't appear to be your forte.
Vinkaye
science matters
11:49 AM on 01/03/2013
The President doesn't have a vote in Congress but he is supposed to be the leader of the Democratic Party, and the leader of the free world. There lies some power, and strength to negotiate in those two titles.
12:03 PM on 01/03/2013
He is the titular head of the Democratic Party.  There is no real power behind that title.  Further, WE call him the leader of the free world.  Again, no real power behind that title.  As I said, he can "negotiate" all he wants, but Congress is under absolutely no constitutional obligation to pay him any attention at all.  None.  That has become abundantly clear over the past 4 years . . . honorary titles mean absolutely nothing where legislation is concerned.  The myth of the bully pulpit is just that, a myth.  
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HUFFPOST SUPER USER
Osiris E
I See the Enemy, & The Enemy Is Us
10:20 AM on 01/03/2013
Paul Krugman is right. No one will trust the Brotha POTUS if don't stand up for progressive issues. The poor and middle class have gotten the shaft literally for the last 100 years. Banking refore, tax code reform (including tax shelters & offshore account crackdown), infrastructure/domestic investment, etc, are all issues vital to the poor and middle class revitalization. And "We the People" (not corporations) have a 4 year window to finally get our issues fixed. I get the feeling that if we can't get it done with this POTUS it will never happen.
09:59 AM on 01/03/2013
I am conservative and i'm angry with republican wimps who didn't get any meaningful spending cuts in these awful deal..
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HUFFPOST SUPER USER
exmate
Life is about playing a poor hand well.
10:42 AM on 01/03/2013
Cuts on defense would be helpful.

The USA could behave in such a way that it would not not be necessary to spend approximately as much on defense as the rest of the world combined.
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11:19 AM on 01/03/2013
The wimps as you call them are losing ground, they are shrinking as we speak. Public opinion is against them as a result of this last election. People are more educated now that they know who the GOP really represents. You have a right to be angry. All the GOP has is the deficit and spending to complain about. Everyone knows we have to get it under control, but not on the backs of the seniors and the working middle class. This President has our backs including yours, that is if you are not part of the 1%.
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Rebel 985
It is what it is...
11:49 AM on 01/03/2013
What garbage. The Prez just gave 77% of the country a tax increase. He doesn't care about you. He's just good at making you believe that he does.
09:58 AM on 01/03/2013
This Romney supporter, Paul Krugman, is just trying to make a name for himself. Many New Yorkers that I have talked to resent his crticism of the President. He has made the NEW YORK TIMES look bad. As a matter of fact, instead of buying the New York Times daily, I will only buy it now on Sundays. In closing I would like to say that The NEW YORK TIMES would better serve itself by reporting for the people, not the (rich) establishment.
Vinkaye
science matters
11:53 AM on 01/03/2013
In other words, you find yourself very offended by an op-ed writer, whose opinion pieces you have never before read (judging from your erroneous classification) that you will be reduced to semi-supporting the newspaper, that most likely you only buy for the Sunday magazines anyway. Wow.... such a strong rebuke... how will an award winning economist like Krugman go on!
08:56 PM on 01/03/2013
For your information, I read some of his material. This man has a change of heart about the President that provides the President with absoluutely no chance of being successful because of people like him. My clasification about him sticks!
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HUFFPOST SUPER USER
PTAOfficerforObama
It's arithmetic, stupid
09:02 AM on 01/03/2013
"he will go down in history as the wimp who threw it all away.

Nah, not with Boehner around.
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LONDON3
Music keeps me sane in a crazed society :-)
08:59 AM on 01/03/2013
Such crazed confusion, Republicans blaming Boehner, Dems blaming Obama....Everybody was NOT gonna get what they wanted and I agree that President Obama should have taken a tougher stance..but at the end of the day where does that lead us ......its a VICIOUS cycle of nonsense by clowns running this country...ALL of them ...not a select few...SEE the picture....the BIG one on flat screen LED!