Let's party like it's 2007.

Let's party like it's 2007

by digby

Krugman succinctly points out how cynical, bad faith, hyper-partisanship pervades every last corner ofconservatism:

Thinking about Trump's attempt to bully the Fed, I found myself remembering the open letter by a who's who of conservative economists (plus some "economists") accusing Ben Bernanke of "currency debasement" 1/ https://t.co/1jZBEcL7AQ
— Paul Krugman (@paulkrugman) December 26, 2018

Four years later, Bloomberg went to ask signatories why they were wrong; none of them -- not one -- would admit having been wrong 2/ https://t.co/zOgl4DzkV5
— Paul Krugman (@paulkrugman) December 26, 2018

But my question is, why aren't we seeing an open letter from right-leaning economists calling on Trump to lay off the Fed? After all, demanding an easy money policy when unemployment is 3.7% is a lot more likely to cause inflation than easing at 9.4%. But, crickets 3/
— Paul Krugman (@paulkrugman) December 26, 2018

This goes hand in hand with denouncing deficits when the economy really needed fiscal support to being just fine with them when they result from tax cuts for corporations and the wealthy, even though now would be a good time to rein in debt 4/
— Paul Krugman (@paulkrugman) December 26, 2018

As @delong has been emphasizing, what we're learning is that there is a complete lack of intellectual honesty on the right side of the spectrum, even among seemingly respectable professional economists. It's all punish the economy under Obama, let's party under Trump 5/
— Paul Krugman (@paulkrugman) December 26, 2018

They are all liars.

Just look at the "Club for Growth" types like Stephen Moore backing Trump to the hilt despite having pent decades ranting about free trade and now holding themselves out as protectionist working class heroes sticking it to the man. "Makers not takers" remember?

If we survive this debacle, it's going to be very tempting for the media to blame everything on Trump and declare that we much go back to "normal."

No. That "normal" paved the way for Trump. It's gotten us into trouble over and over again. It's the whole movement, the whole party, the entire philosophy and worldview that is corrupt. They have a lot of 'splainin' to do before they can ever be trusted to argue or negotiate in good faith. A lot.

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Buckle up everybody. It's going to be a very bumpy New Year!

cheers --- digby

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