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Krugman has heaped blame on Obama? Maybe in a mild way, but in other ways he treats the Obama Administration with kid gloves. Case in point: here are a few of t
by wyclif 15y ago
Krugman has heaped blame on Obama? Maybe in a mild way, but in other ways he treats the Obama Administration with kid gloves. Case in point: here are a few of the top 20 businesses that contributed the most money to the Obama presidential campaign:
Goldman Sachs $1,013,091
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
UBS AG $532,674
US Government $517,908
Morgan Stanley $512,232
Source: http://www.opensecrets.org/pres08/contrib.php?cid=N00009638 http://www.opensecrets.org/pres08/contrib.php?cid=N00009638
Clearly, the narrative that it is only Republicans coddling the upper strata of the American plutocracy is failing.
- deleted 15y ago[deleted]
- ChrisLTD 15y agoKrugman has noted Obama's cozy relationship to the bankers before. Just last week he had this to say in his column about the protests: "The Obama administration squandered a lot of potential good will early on by adopting banker-friendly policies that failed to deliver economic recovery even as bankers repaid the favor by turning on the president." http://www.nytimes.com/2011/10/07/opinion/krugman-confronting-the-malefactors.html http://www.nytimes.com/2011/10/07/opinion/krugman-confrontin...
- grandalf 15y agoDo you consider Krugman a voice of dissent though? In my opinion he chimes in once the issue is already "safe" and rarely says anything that would endanger his status as a columnist or his relationships with powerful people.
- ChrisLTD 15y agoI would only go as far as to say that Krugman is a dissenter from the prevailing line of economic thought in the United States and Europe. He's useful precisely because the prevailing thought crippled our economy and has little success in repairing it. I can't really speak to his relationship with powerful people.