Atlantis Alumni

Monday, January 14, 2008

Krugman On Obama's Economic Stimulus Plan

New York Times columnist and noted economist Paul Krugman has the following to say about Barak Obama's response to the current economic crisis in the making:

"...on Sunday Mr. Obama came out with a real stimulus plan. As was the
case with his health care plan, which fell short of universal coverage, his
stimulus proposal is similar to those of the other Democratic candidates, but
tilted to the right.
For example, the Obama plan appears to contain none of the alternative
energy initiatives that are in both the Edwards and Clinton proposals, and
emphasizes across-the-board tax cuts over both aid to the hardest-hit families
and help for state and local governments. I know that Mr. Obama’s supporters hate to
hear this, but he really is less progressive than his rivals on matters of
domestic policy."

Krugman has been a consistent critic of Obama. In particular, Krugman is critical of Obama's health care plan, which does not cover all Americans, and critical of his plan to preserve Social Security. Krugman time and time again notes how Obama uses the rhetoric of the right in argument for his programs.


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