Pundits, politicians, and cronies living in the little bubbles that benefit from Obama’s crony socialism (deficit-driven spending targeted at Government bureaucrats and big investment banks) are baffled that folks devastated by Obama’s War on Coal and Regulatory War on Industry don’t see America through the rose-tinted spectacles of narcissism.
Most Americans also know that vast swaths of the Washington, D.C.-area are filled with wealthy people gorging themselves at the federal trough. They know that the rules don’t apply in Silicon Valley, where companies have been given a pass from taxes and many of the regulations that overwhelm ordinary American businesses. They know that when Silicon Valley businesses like AirBnB and Uber come to town, the laws often will be rewritten for their benefit.
Most Americans know about corporate executives like Marissa Mayer. She completely failed to turn around the struggling Internet pioneer Yahoo, though that’s what she was hired to do. Her “accomplishments” include buying the now-worthless blogging platform Tumblr for $1.1 billion. Despite her failure, if she’s not retained in the wake of the reported sale of Yahoo’s businesses to Verizon, Mayer is set to collect a pre-negotiated $55 million golden parachute. Most Americans know that they wouldn’t be treated so kindly if they lost their jobs.
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(Paul) Krugman should spend some time talking to people in Flint, Michigan, the South Side of Chicago, California’s Central Valley, or any of the many decaying industrial cities and towns throughout the Midwest and Northeast. That might clear up some of his confusion.
“Pundits, politicians, and cronies living in the little bubbles that benefit from Obama’s crony socialism (deficit-driven spending targeted at Government bureaucrats and big investment banks) …”
Exactly.
Government “programs” are first and formost to benefit a handful of powerful individuals (generally by transfering wealth to them) and secondly to benefit the bureaucrats who run the “programs”. The role of the claimed beneficiaries is to suppy an excuse for looting the great number of tax-payers so as to transfer wealth to the few movers-and-shakers and bureaucrats.
The whole process is inherently wasteful and destructive of wealth. In this regard, it’s similar to when my house was B&E a couple of years ago — the thieves may have netted themselves a few hundred dollars by causing me several thousands of dollars in loss.
Krugman (and a lot of people on the right) share the same worldview.
I’m reminded of the comment by Pauline Kael (New Yorker magazine) way back when: “No one I know voted for Nixon.”
And they say the proles are provincial.
Don’t forget war on small businesses. TRUMP actually told congress in the 80s not to sell govt property for 5 cents on the dollar, because he and Buffet would be the biggest winners.
The Israel First America 3rd party candidate David French, said White Working Class Communities Deserve to Die.
Not only do people not know any who voted otherwise but echo chambers lead people to believing crazy things.STR8 White Church Going Christian Men are so portrayed in the (((narrative))) that a HATE HOAX in San Fran was actually believable, that a group of 20 STR8 white guys gay bashed Jeffrey Lafayette for wearing white after labor day, when it was actually his boyfriend beating him up for cheating. The idea that 20 STR8 guys exist in San Fran is hard to believe but that they would beat someone up over wearing white after labor day is ludicrous.
No wonder so many clutched their pearls when the San Fran Gate published the demographics of who commits bashings.
Some day the NYTimes will realize they can get the same crap that Krugman writes for less than 1/3 the price if they higher an H1-B Visa person from another country.
Then, just maybe, Krugman will feel our pain.
That should be “hire”. duh!