My Authors
Read all threads
GOP flailing over what to do now that reopening has stalled sheds light on the old "Evil or stupid?" controversy. It's now clear that the answer is, both 1/ washingtonpost.com/politics/worri…
In the aftermath of the 2008 financial crisis, it wasn't entirely clear what was motivating R demands for austerity in the face of mass unemployment. Was it sabotage — trying to hamstring Obama's crisis response? Or actual ignorance? 2/
That is, did they actually believe that amid a slump, when people are being forced to tighten their belts, the govt should tighten its belt too (which deepens the slump)? Or did they just pretend to believe that with a Dem in the WH? 3/
Well, right now people like Ted Cruz are making the same argument, and waging a war on unemployment benefits, with Trump in the WH. This suggests that Cruz et al really are ignorant, not realizing that ending worker support is likely to hammer the economy and ensure R defeat 4/
And it sure looks as if Rs really believe, in the teeth of the evidence, that UI is holding back recovery by encouraging workers to remain idle — not sustaining the economy by supporting consumer demand 5/
Now, this doesn't mean that Rs are or will be honest. Their deficit posturing was clearly hypocritical; they didn't even flinch when Trump's tax cut exploded the deficit, and you know they'll suddenly become deficit hawks if Biden makes it 6/
But recent events make it clear that it isn't just malice; ignorance is also driving GOP economic positioning 7/
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Paul Krugman

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!