[Marxism] Paul Krugman: Obama recovery plan inadequate

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

Louis Proyect lnp3 at panix.com 
Wed Jan 14 15:42:46 MST 2009 




Charles Brown wrote:
> But Mr. Obamaâs prescription doesnât live up to his diagnosis.
The
> economic plan heâs offering isnât as strong as his language
about
> the 
> economic threat. In fact, it falls well short of whatâs needed.
> 
> ^^^
> CB: What's needed for what ? To cure capitalism ?

No, to end the financial crisis.

^^^
CB: I think Krugman is talking about the Stimulus Plan. I don't think
the Stimulus Plan is aimed at the financial crisis. That is the TARP.

^^^

> And the Obama plan is nowhere near big enough to fill this âoutput
> gap.â
> 
> ^^^
> CB: Krugman has a plan that will fill the gap and save us all from
> capitalist crisis and crises ?

No, he has a plan to stop the current crisis which involves strong 
Keynesian measures that Obama and his team of advisers are averse to.

^^^^
CB: Krugman is proposing a bigger Stimulus than O.  "Averse" is
tendentious. Krugman's proposal is not qualitatively different than O's
plan.  Usually you would  be criticizing Krugman as just another
bourgeois economist, but because he's _talking_ a bit stronger than O,
you forget your normal criticism of bourgeois economists.

Krugman is not proposing socialism.


^^^^^^^

> CB; Krugman's plan will get us down to "full employment", i.e. 4%
> unemployment (smile)

Why the smile, Charles? I thought the CPUSA would be very much in favor

of cutting the unemployment rate in half or are you channeling the 
Spartacist League on this particular issue?

^^^
CB: Why the silly comment ? I'm sure the SWP would be in favor of
cutting unemployment in half. Are you channelling ...bourgeois
economists






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