FacebookTwitterGoogle+RedditEmail

Krugman Attacks: the Establishment Snarls a Warning to Sanders

by

When Republicans are in the White House, Paul Krugman and the NY Times sometimes sound pretty good. But when someone starts seriously and effectively challenging core assumptions and values of our political economic system, the progressive veneer quickly vanishes. This is demonstrated in Paul Krugman’s verbal attack on the Bernie Sanders campaign in his “Sanders Over the Edge” editorial.

Krugman does not hold back. Bernie supporters and Bernie himself are described by Krugman as intolerant, cultish, shallow, vague, without substance, lacking character and values, dishonest, short on ethics, really bad, petulant and self-righteous. Wow.

Krugman’s diatribe deserves scrutiny and lampooning. The purpose seems to be to ridicule, threaten and warn Sanders to get back in line. Hopefully progressives will intensify support for Bernie and tell Krugman to get his facts straight.

Here are some key falsehoods in the Krugman attack.

Krugman dismisses Sanders’ call to ‘break up the big banks’ and suggests the financial giants did not cause the economic crash; the problem was “predatory lending” by smaller outfits such as Countrywood Financial. This is nonsense which contradicts what Krugman himself has said in the past. The predatory lenders were minor players in the process. The loans would never have been issued if they were not being bought up and bundled together into collateral debt obligations (CDOs) and other “producdts” by major financial institutions such as Goldman Sachs. They were the ones driving the operation not the individual lenders.

Krugman goes on to claim Sanders does not have any specific proposals and that “going on about big banks is pretty much all Mr. Sanders has done” and “absence of substance beyond slogans seems to be true of his positions across the board”. This is untrue, easily confirmed by looking at the Sanders website. Sanders has called for a tax on Wall Street speculation/trading, dramatic changes in the tax code, increasing the minimum wage to $15 per hour, canceling detrimental trade accords and imposing individual penalties for corporate crime. These are clear and specific with similar details in virtually every policy area.

Krugman claims Sanders and supporters were ‘just plain dishonest’ when they accused Clinton of receiving substantial funding from the fossil fuel industry. Krugman relies on the establishment “fact check” by NYT, WaPo and NPR. However that “fact check” has been refuted by Fairness and Accuracy in Reporting which confirms that Clinton did in fact receive substantial funding as claimed by Sanders. The FAIR title gives the essence: “NPR Fact Checker can’t be bothered to check”.

Krugman gets really worked up because Sanders issued a “rant” suggesting Mrs. Clinton may not be “qualified” to be President after taking so much funding from Wall Street and supporting recent and past US foreign aggression and intervention which has backfired badly. Krugman says this is “really bad on two levels”: it is “imposing a standard of purity “ and raising the specter that Bernie supporters may not happily support Clinton as the “strong favorite for the Democratic nomination”. This is the core message from Krugman: a warning to Sanders to get back on the establishment bus.

Krugman thinks it is hopelessly purist to expect a President that will not take the country into new wars and sustain illegal coups such as Honduras. Many Bernie supporters know about Clinton’s role in Honduras, Libya and beyond, probably better than Krugman. That’s why some will not transfer their votes to her.

Is Krugman not aware of the reason for Bernie’s success? Bernie is calling for radical transformation in the economy, criminal justice, health-care, education and foreign policy. He is publicly saying this needs to be done with a populist ‘political revolution’. He is winning huge support with that message and because many see him as sincere and authentic, not a normal politician. That is clearly troubling to Krugman and the NY Times.

The NYTimes has endorsed Hillary Clinton and their candidate is in jeopardy. This may explain escalating attacks on Bernie and whitewashes of Hillary. See the Young Turks for a great video take-down of Paul Krugman and his attack on Bernie.

More articles by:

Rick Sterling is a retired aerospace engineer who now does research/writing on international issues. He can be contacted at rsterling1@gmail.com.

February 20, 2018
Nick Pemberton
The Gun Violence the Media Shows Us and the State Violence They Don’t
John Eskow
Sympathy for the Drivel: On the Vocabulary of President Nitwit
John Steppling
Trump, Putin, and Nikolas Cruz Walk Into a Bar…
John W. Whitehead
America’s Cult of Violence Turns Deadly
Ishmael Reed
Charles F. Harris: He Popularized Black History
Will Podmore
Paying the Price: the TUC and Brexit
George Burchett
Plumpes Denken: Crude thinking
Binoy Kampmark
The Caring Profession: Peacekeeping, Blue Helmets and Sexual Abuse
Lawrence Wittner
The Trump Administration’s War on Workers
David Swanson
The Question of Sanctions: South Africa and Palestine
Walter Clemens
Murderers in High Places
Dean Baker
How Does the Washington Post Know that Trump’s Plan Really “Aims” to Pump $1.5 Trillion Into Infrastructure Projects?
February 19, 2018
Rob Urie
Mueller, Russia and Oil Politics
Richard Moser
Mueller the Politician
Robert Hunziker
There Is No Time Left
Nino Pagliccia
Venezuela Decides to Hold Presidential Elections, the Opposition Chooses to Boycott Democracy
Daniel Warner
Parkland Florida: Revisiting Michael Fields
Sheldon Richman
‘Peace Through Strength’ is a Racket
Wilfred Burchett
Vietnam Will Win: Taking on the Pentagon
Patrick Cockburn
People Care More About the OXFAM Scandal Than the Cholera Epidemic
Ted Rall
On Gun Violence and Control, a Political Gordian Knot
Binoy Kampmark
Making Mugs of Voters: Mueller’s Russia Indictments
Dave Lindorff
Mass Killers Abetted by Nutjobs
Myles Hoenig
A Response to David Axelrod
Colin Todhunter
The Royal Society and the GMO-Agrochemical Sector
Cesar Chelala
A Student’s Message to Politicians about the Florida Massacre
Weekend Edition
February 16, 2018
Friday - Sunday
Jeffrey St. Clair
American Carnage
Paul Street
Michael Wolff, Class Rule, and the Madness of King Don
Andrew Levine
Had Hillary Won: What Now?
David Rosen
Donald Trump’s Pathetic Sex Life
Susan Roberts
Are Modern Cities Sustainable?
Joyce Nelson
Canada vs. Venezuela: Have the Koch Brothers Captured Canada’s Left?
Geoff Dutton
America Loves Islamic Terrorists (Abroad): ISIS as Proxy US Mercenaries
Mike Whitney
The Obnoxious Pence Shows Why Korea Must End US Occupation
Joseph Natoli
In the Post-Truth Classroom
John Eskow
One More Slaughter, One More Piece of Evidence: Racism is a Terminal Mental Disease
John W. Whitehead
War Spending Will Bankrupt America
Robert Fantina
Guns, Violence and the United States
Dave Lindorff
Trump’s Latest Insulting Proposal: Converting SNAP into a Canned Goods Distribution Program
Robert Hunziker
Global Warming Zaps Oxygen
John Laforge
$1.74 Trillion for H-bomb Profiteers and “Fake” Cleanups
CJ Hopkins
The War on Dissent: the Specter of Divisiveness
Peter A. Coclanis
Chipotle Bell
Anders Sandström – Joona-Hermanni Mäkinen
Ways Forward for the Left
Wilfred Burchett
Vietnam Will Win: Winning Hearts and Minds
FacebookTwitterGoogle+RedditEmail