As economist James Crotty observes, the Beltway mindset has roots in the far Right’s resistance to the New Deal in the ’30s. Thanks to corporate-funded think tanks, political campaigns and—yes—broadcast media, the nostrums of the fringe Right of the 1930s now represent the policy mainstream. When it came to the automatic spending cuts of the sequester, “the people who fund the [right-wing] ideology [are] pretty happy,” Crotty says. “They want to privatize Social Security. They want to break the unions. They want to get the working class desperate for a job under any conditions and under any wages.”
But Joe Scarborough wants you never to forget, even for a moment, that Paul Krugman’s the one who’s being extreme.In These Times
Morning Jo(k)e
Chris Lehmann | Contributing Editor
More neoliberal nonsense.
