Tuesday, May 25, 2010

Krugman: Follow the Money

Citing Paul Krugman may seem like a broken record, but I find that he hits the nail on the head most often. In his column today, he notes how right-wing populism, which I believe represents a lot of wind generated by a relative few, gets used again by corporate interests. This is What's the Matter With Kansas? all over again. Regulation of markets and taxes sufficient to pay our bills are necessary for a strong, healthy economy and democracy. The Bush Administration lived on the free lunch doctrine too often by cutting taxes and throwing regulation out the window. It left us with markets wrecked, and a fiscal crisis that threatens our future because of a huge deficit that we accumulated before we came to the point that we needed to run a deficit to prime the pump.