We might say much the same thing about the New York Times. Day after day it dishes out its so-called "progressive" drivel, lecturing the whole world on how to behave--from the North Carolina legislature to Vladimir Putin. Without a doubt, the Times is the publication of choice for people who have already made up their minds or are totally incapable of doing their own thinking.
So I was not surprised to read Paul Krugman's recent op ed essay in the Times arguing that Hillary Clinton would be the best President to deal with a major economic crisis. Although he purported to make logical arguments, Krugman was totally dismissive of Donald Trump and Ted Cruz. "The Donald doesn't know much," Krugman sneered contemptuously, "but Ted Cruz knows a lot that isn't so" (stealing a line from Mark Twain).
Krugman essentially writes the same essay over and over, for which the Times compensates him handsomely. Day after day, he assures his idiot readers that Barack Obama does everything right and that massive deficit spending is the smartest way to manage the American economy. And now of course he lavishes the same fawning praise on Hillary Clinton that he slathered on Obama for the last eight years.
Normally, I wouldn't comment on Krugman's screeds, but his latest piece on Hillary deserves a response. First of all, although Krugman expressed utter contempt for Donald Trump and Ted Cruz in his essay about presidential qualifications, he didn't even mention Bernie Sanders, the only presidential candidate who has articulated a coherent and principled economic policy.
I feel sure Krugman's omission was intentional. Ignoring Bernie was Krugman's insinuating way of suggesting that Bernie is such a minor political figure that he doesn't even deserve comment. After all, Krugman doesn't dare offend Hillary in the slightest way by giving even an iota of credibility to her dogged opponent.
Second, Krugman basically acknowledged that a major economic crisis is coming to the United States. But look at where he predicts it will come from. "China has a severely unbalanced economy," he tells us, and there's also a potential for an oil crisis.
Basically, Krugman is already laying the groundwork for putting the blame for the next economic crisis on forces outside President Obama's control.
What sophistry! Americans have some pretty good ideas about where the next economic storm is coming from, and they didn't need a Nobel Prize in Economics to figure it out. Here are some things to worry about that Krugman did not bother to mention:
- Radical Islam. Jihadists from the Middle East are brutal nihilists who will do anything to destroy what we once charmingly called Western Civilization. If they get the capacity to deliver a cyber attack on our global financial network, they will certainly launch one. If they can figure out a way to inflict massive casualties on American civilians, they will certainly do it.
- The collapse of the European Union under the relentless tide of Islamic refugees, which could trigger a fascist backlash as Europeans see the erosion of their ancient cultures.
- A global financial crisis caused by chicanery and greed in the international banking industry.
- War between Israel and Iran, which will soon be a nuclear power.
- The destruction of the American middle class as American working people are sacrificed to satiate the greed of the global oligarchs and young people are suffocated by student-loan debt they acquired to obtain worthless undergraduate and professional degrees.
Krugman did not mention any of these possible scenarios--scenarios that keep Americans up at night-- because a catastrophe from any of these sources could be fairly blamed at least partly on President Obama--the liberal elite's Sun King.
So keep reading Paul Krugman if you believe the political, academic and media elites know what's best for us or if you are so intellectually lazy that you want someone else to do your thinking. After all, that's exactly what the Times and its columnists are there for--to do your thinking for you.
|Paul Krugman: Bernie who?|
Paul Krugman. The 8 A.M. Call. New York Times, April 25, 2016. Accessible at http://www.nytimes.com/2016/04/25/opinion/the-8-am-call.html?_r=0