Paul Krugman Goes off the Deep End

Sanders Annoys Democratic Establishment

https://consortiumnews.com/2016/04/11/sanders-annoys-democratic-establishment/

By Rick Sterling

When Republicans are in the White House, columnist Paul Krugman and The New York 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 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. Instead, progressives may intensify their support for Sanders 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 Countrywide Financial. This analysis is nonsense and 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 “products” 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 checks” of the Times, The Washington Post and NPR. However those “fact checks” have 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 U.S. foreign aggression and intervention which has backfired badly.

Krugman says Sanders is “really bad on two levels” — “imposing a standard of purity “ and raising the specter that Sanders 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 who will not take the country into new wars and sustain illegal coups such as in Honduras. Many Sanders 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 Sanders’s success? Sanders 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 Times.

The New York Times has endorsed Hillary Clinton and their candidate is in jeopardy. This may be contributing to escalating attacks on Bernie and whitewashes of Hillary.

[For more on this topic, see the Young Turks for a video take-down of Krugman and his attack on Sanders.

Rick Sterling is base in the San Francisco Bay Area and writes primarily on international issues.