These are all great points. The White House has really done Keynesian economics a disservice by limping into it. Republicans are often labelled RINOs (Republica

These are all great points. The White House has really done Keynesian economics a disservice by limping into it. Republicans are often labelled RINOs (Republicans in name only) by their own peers… Maybe we should start to use the (Keynesian)INO label. It all goes to show what a bad job of negotiating the administration has done. In this case, as well as healthcare and the debt limit, the White House surrendered key parts of their plan in the name of compromise. In the end, the opposition still calls you a communist, god-hating country-wrecker either way so it would be better to get what you wanted. That being said, and given the language of the administration I'm not sure they buy into Keynesian economics anyway. They certainly are cozy with Wall Street and use the language and framing of austerity all the time. Politics tends to distort the models so it is important to hold people to account. You might not like Krugman's politics but he does put himself out there and make predictions. Speaking of which, does anyone follow any economists who are proponents of austerity that makes falsifiable predictions? I still don't really feel like I have found a good writer on that topic to follow.