Sunday, May 6, 2012

Paul Krugman: Electing Romney Is Like Electing Paul Ryan | TPMDC

Paul Krugman: Electing Romney Is Like Electing Paul Ryan | TPMDC:
"The Princeton professor and Nobel Prize-winning economist, who is touring his new book End This Depression Now!, said Romney would be wedded to Ryan’s economic policy prescriptions which have become too entrenched on the right: Above all, massive tax cuts for the rich and draconian spending cuts on programs for the less fortunate, which Krugman argues will amount to an “upward distribution of income plan.”
“You’re never going to get people in the Republican Party accepting the idea that unemployment and food stamps insurance are expansionary,” he said. “That they are actually policies that are good for employment. They’re too wedded to the notion that the undeserving poor … are the cause of unemployment. So I think they’re basically incapable of doing what needs to be done to support this economy.”
The conservative base eagerly wants its president to implement Ryan’s vision, which House Republicans overwhelmingly reaffirmed their support for late March. Anti-tax activist Grover Norquist, arguably the most influential outside figure among modern Republicans, says Romney’s role would be to rubber-stamp Ryan’s agenda."

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