Destroying the country from the center
rather than acknowledge the failure of his political strategy and the damage to his economic strategy, the president tried to put a post-partisan happy face on the whole thing. "Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands," he declared on Saturday, and "the scale and scope of this plan is right."
No, they didn't, and no, it isn't.
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The marketplace has become so corrupted that new schemes of regulation are needed. Republicans for the most part remain stuck in discredited trickle down economics. They prefer to put more cash in the hands of the wealthy through tax cuts. Krugman advises Obama to push for more directed spending programs.