Home > Uncategorized > Nobel Prize Economist Paul Krugman Proclaims Obama Liquidates Himself.

Nobel Prize Economist Paul Krugman Proclaims Obama Liquidates Himself.

On his blog, economist Paul Krugman laments Obama’s Republican styled decisions concerning the economy and the frustration shows. He says,

It’s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with “the rotting corpse of Andrew Mellon” (Mellon was Herbert Hoover’s Treasury Secretary, who according to Hoover told him to “liquidate the workers, liquidate the farmers, purge the rottenness”.)

and also adds,

And it’s a betrayal of everything Obama’s supporters thought they were working for. Just like that, Obama has embraced and validated the Republican world-view — and more specifically, he has embraced the policy ideas of the man he defeated in 2008. A correspondent writes, “I feel like an idiot for supporting this guy.”

Krugman joins many progressives who thought Obama might be different.

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