Paul Krugman: “Obama needs to draw a line now…He’s already given too...

Paul Krugman: “Obama needs to draw a line now…He’s already given too much”


Paul Krugman nails it.

…all of a sudden it’s feeling a lot like 2011 again, with the president negotiating with himself while the other side enjoys the process.

So Obama needs to draw a line right now: no further concessions. None. He’s already given too much.

Yes, this probably means going over the cliff. So be it: it’s less bad than the alternative.

My feelings exactly. The only thing I’d add is this: President Obama, we worked our butts off to reelect you, we had your back when you needed it, now it’s time for you to have OUR backs and not back down to Republican extortion, bad-faith dealing, and hare-brained ideas, especially when you have all the leverage. Thank you.

  • lowkell

    Statement by White House Communications Director Dan Pfeiffer on Congressional Republican “Plan B” Legislation

    The American people have been clear that they will not accept an economic approach that places too big of a burden on the middle class, seniors, students and the most vulnerable Americans while asking too little of the wealthiest Americans.  The Congressional Republican “Plan B” legislation continues large tax cuts for the very wealthiest individuals – on average, millionaires would see a tax break of $50,000 – while eliminating tax cuts that 25 million students and families struggling to make ends meet depend on and ending critical incentives for our nation’s businesses. It would also cut off a vital lifeline of unemployment assistance to 2 million Americans fighting to find a job just a few days after Christmas, while deeply cutting Medicare. The deficit reduction is minimal, and perversely, given its authors, solely through tax increases with no spending cuts.  This approach does not meet the test of balance, and the President would veto the legislation in the unlikely event of its passage.

    The President believes this moment presents both sides an opportunity to reach a significant, balanced deal that is good for American families, the economy and for our nation’s future.  He has put forward a proposal that meets the Speaker halfway on both taxes and spending, offering to work with Republicans to cut spending by an additional more than one trillion dollars beyond what he has already signed into law.  The President urges the Republican leadership to work with us to resolve remaining differences and find a reasonable solution to this situation today instead of engaging in political exercises that increase the possibility that taxes go up on every American. The American people are watching closely and deserve no less.

  • AnonymousIsAWoman

    And thank you for posting and pointing this out. Good work, as usual!