Krugman’s Failure to Speak Truth to Power about Austerity


New Economic Perspectives has the article Krugman’s Failure to Speak Truth to Power about Austerity.

Ever since the birth of the New Democrats, their adherents have embraced austerity. This act of mutual economic and political self-destruction has become so core to their identity that Hillary unhesitatingly made it one her most important closing pitches during the last 40 days of her campaign against Trump. At the very moment when her pollsters were warning her that she could lose due to working class hostility, she chose to showcase her hostility to the working class by promising to inflict eight more years of austerity on them. In your face working class! This is a political strategy that has no upside, but a toxic downside. Despite intense criticism from progressives of her austerity threats, Paul Krugman never urged her publicly to promise to end austerity’s assault on the working class. Similarly, no one on her official campaign team had the courage and strength to tell her to stop and reverse her position.

This is exactly my beef with all Democrats who tried to sell us Hillary Clinton after Bernie Sanders dropped out. Elizabeth Warren I write off without hesitation because she caved to Hillary at exactly the strategic moment when she should have promoted Bernie Sanders. At the end, even Robert Reich, a firm supporter of Bernie Sanders, tried to sell us Hillary Clinton, when his previous statements showed that he full well knew the stupidity of Clinton’s austerity plan. Surely Bernie Sanders knew how bad the Clinton plan was. He lost all credibility when he tried to sell her to us.

On television shows about court trials, you often hear an opposing lawyer ask a witness who has admitted to lying, “Were you lying then, or are you lying now?” How can we ever trust someone that we know has lied to us? Sorry, Bernie, we only have trust in people with unblemished records for telling the truth.

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