Paul Krugman writes: "But let's be frank. It's getting harder and harder to trust Mr. Obama's motives in the budget fight, given the way his economic rhetoric has veered to the right. In fact, if all you did was listen to his speeches, you might conclude that he basically shares the GOP's diagnosis of what ails our economy and what should be done to fix it."
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
What Obama Wants
08 July 11
On Thursday, President Obama met with Republicans to discuss a debt deal. We don't know exactly what was proposed, but news reports before the meeting suggested that Mr. Obama is offering huge spending cuts, possibly including cuts to Social Security and an end to Medicare's status as a program available in full to all Americans, regardless of income.
Obviously, the details matter a lot, but progressives, and Democrats in general, are understandably very worried. Should they be? In a word, yes.
Now, this might just be theater: Mr. Obama may be pulling an anti-Corleone, making Republicans an offer they can't accept. The reports say that the Obama plan also involves significant new revenues, a notion that remains anathema to the Republican base. So the goal may be to paint the GOP into a corner, making Republicans look like intransigent extremists - which they are.
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