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Wednesday, 01/30/2019 11:48:35 AM

Wednesday, January 30, 2019 11:48:35 AM

Post# of 574723
Krugman puts Schultz through the Grinder

Nobel Laureate Paul Krugman truly hates conservatives posing as centrists or even as serious economists and the clueless beltway reporters that prop them up. And he does not mince his words when exposing the fraud called Paul Ryan or the various so-called economists on the right that sing the praises of tax-cuts and show grave concern for budget deficits except when they don’t.

This morning Krugman decided to put former Starbucks CEO Howard Schultz through the mill; Schultz, who has wafty aspirations to run for the presidency in 2020 as an independent, and who has been going on the media circuit this week scalding Democrats, Elizabeth Warren, AOC and Harris on their tax and medicare proposals, has offered nothing besides some caramel-laced platitudes about Washington and the two-party system being broken, etc.

Take a look at these series of tweets from Krugman. As usual, Krugman’s words are carefully chosen and are chock-full of information and insights. And humor. E.g., “For Schultz is basically the very model of a major modern centrist.”

Paul Krugman
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@paulkrugman
Howard Schultz may go away once he realizes that nobody wants him. Or maybe not: with great wealth comes great ego, plus people who will feed it. But let's treat this as a teachable moment about what centrism means in America today 1/ https://politics.theonion.com/howard-schultz-considering-independent-presidential-run-1832126653

On economics, Schultz is way to the right of the public 2/

As I pointed out in my column today, the public wants higher taxes on the rich and more spending on social programs 3/ https://www.nytimes.com/2019/01/28/opinion/elizabeth-warren-tax-plan.html?action=click&module=Opinion&pgtype=Homepage …

What fraction of voters wants Social Security cuts, a staple of centrist positioning? 6 percent. No, there isn't a digit missing. 4/



More generally, the socially-liberal/economically conservative position -- the lower right quadrant in this figure -- is basically the Empty Quadrant of American politics -- except in green rooms 5/ pic.twitter.com/fNXcxLV9bg



But boy, is it heavily represented in those green rooms. For Schultz is basically the very model of a major modern centrist. Remember, the Simpson-Bowles report, which induced rapture in the Beltway establishment, called for CUTS in marginal tax rates 6/ https://www.nytimes.com/2010/11/12/opinion/12krugman.html

Read More....
https://www.dailykos.com/stories/2019/1/29/1830624/-Krugman-takes-Schultz-to-the-Cleaners?utm_campaign=trending

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