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Monday, October 12, 2015

Paul Krugman: The Crazies and the Con Man

Why is Paul Ryan under so much pressure to become speaker, and why would he be wise to resist?:

The Crazies and the Con Man, by Paul Krugman, Commentary, NY Times: How will the chaos that the crazies, I mean the Freedom Caucus, have wrought in the House get resolved? I have no idea. But as this column went to press, practically the whole Republican establishment was pleading with Paul Ryan ... to become speaker. ...
What makes Mr. Ryan so special? ... To understand Mr. Ryan’s role in our political-media ecosystem, you need to know two things. First, the modern Republican Party is a post-policy enterprise, which doesn’t do real solutions to real problems. Second, pundits and the news media really, really don’t want to face up to that awkward reality.
On the first point, just look at the policy ideas coming from the presidential candidates, even establishment favorites like Marco Rubio... Josh Barro has dubbed Mr. Rubio’s tax proposal the “puppies and rainbows” plan, consisting of trillions in giveaways with not a hint of how to pay for them — just the assertion that growth would somehow make it all good.
And it’s not just taxes, it’s everything. ... Yet most of the news media, and most pundits, still worship at the church of “balance.” They are committed to portraying the two big parties as equally reasonable. This creates a powerful demand for serious, honest Republicans who can be held up as proof that the party does too include reasonable people making useful proposals. ...
And Paul Ryan played and in many ways still plays that role... This has been enough to convince political writers who don’t know much about policy, but do know what they want to see, that he’s the real deal. ...
Which brings us back to the awkward fact that Mr. Ryan isn’t actually a pillar of fiscal rectitude, or anything like the budget expert he pretends to be. And the perception that he is these things is fragile, not likely to survive long if he were to move into the center of political rough and tumble. Indeed, his halo was visibly fraying during the few months of 2012 that he was Mitt Romney’s running mate...
Predictions aside, however, the Ryan phenomenon tells us a lot about what’s really happening in American politics. In brief, crazies have taken over the Republican Party, but the media don’t want to recognize this reality. The combination of these two facts has created an opportunity, indeed a need, for political con men. And Mr. Ryan has risen to the challenge.

    Posted by on Monday, October 12, 2015 at 01:17 AM in Economics, Politics | Permalink  Comments (92)


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