Hey, Obama shouldn’t compromise on the fiscal cliff
Well, this has to stop — unless we want hostage-taking, the threat of making the nation ungovernable, to become a standard part of our political process.
So what should he do? Just say no, and go over the cliff if necessary.
It’s worth pointing out that the fiscal cliff isn’t really a cliff. It’s not like the debt-ceiling confrontation, where terrible things might well have happened right away if the deadline had been missed. This time, nothing very bad will happen to the economy if agreement isn’t reached until a few weeks or even a few months into 2013. So there’s time to bargain.
More important, however, is the point that a stalemate would hurt Republican backers, corporate donors in particular, every bit as much as it hurt the rest of the country. As the risk of severe economic damage grew, Republicans would face intense pressure to cut a deal after all.









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Agreed. It’s his Balanced Approach – raise taxes and cut spending. That’s why he signed it. Let him have it. He won.
forest on November 9, 2012 at 3:58 PM
Couldn’t agree more.
El_Terrible on November 9, 2012 at 3:58 PM
But that is coming up too you F’ing moron.
cobrakai99 on November 9, 2012 at 3:59 PM
It would be tough to name a person more responsible for the nation’s demise who is not a politician than this clown.
joey24007 on November 9, 2012 at 3:59 PM
Take a break, Paul. I just wrote the by-line for your next 300 columns.
Good Solid B-Plus on November 9, 2012 at 4:00 PM
Both sides can have what they want. They can have the Clinton tax hikes, and we can get spending cuts by refusing to raise the debt ceiling.
El_Terrible on November 9, 2012 at 4:00 PM
You wrong cannibal. We are going to floor it. And there is nothing you can do about it.
consume scat leftard.
$
tom daschle concerned on November 9, 2012 at 4:02 PM
has this bargain ever worked? All “we” get is the tax hikes.
joey24007 on November 9, 2012 at 4:02 PM
If the GOP doesn’t raise the debt ceiling Obama can’t borrow any more money.
El_Terrible on November 9, 2012 at 4:03 PM
Inaction by all sides would get all sides what they want.
El_Terrible on November 9, 2012 at 4:03 PM
Actually, inaction would probably favor us, because it would kill Santa Claus.
El_Terrible on November 9, 2012 at 4:04 PM
Nothing very worse?
The party line for Krugman/the Dems is still “when the economy gets better.” I wonder, as a theoretical exercise, how bad it would have to get for them to admit they were wrong.
Yeah, no pressure on Obama when the newspapers start filling up with the phrase “the Obama recession.”
Krugman has a point though, unintentionally of course. Why give Obama an excuse? Let him write the bill (outside of allowing programs that can’t be rolled back). Run a press release insisting that the deal is taking longer than expected because we want Obama to go through every word to make sure the fiscal plan is exactly what he wants, then send 30 Republicans across the aisle to pass it. (Insist full Dem support as a condition).
As we saw 4 years ago when the Dems were daring Republicans to refuse to sign on to the new popular president’s payoffs, and Republicans to a man took the dare, conservatives don’t oppose Obama’s agenda for political reasons. They oppose his agenda because it’s objectively bad and deleterious and isn’t going to work.
Obviously, the public isn’t taking our word for that any more. Give them H L Mencken democracy: what they want, good and hard.
HitNRun on November 9, 2012 at 4:05 PM
By all means, Obama. Let’s play chicken.
alwaysfiredup on November 9, 2012 at 4:05 PM
tom daschle concerned on November 9, 2012 at 4:06 PM
Give the Dems everything they asked for…all of it..we know what the result will be…then just let it crash and burn….It’s going to anyway….just hand them the bomb and let it explode..
The only way to prove to the masses once and for all that his (and progressives) policies don’t work is to let him/them proceed and fail….
Will it hurt all of us? Sure, for a while..but it’s gonna happen anyway, rip off the bandaid and get it over with…let it crash and we’ll rebuild stronger and smarter, we have nothing to lose anymore..
Tim Zank on November 9, 2012 at 4:07 PM
tom daschle concerned on November 9, 2012 at 4:08 PM
Own it. Along with the squish republican Party.
http://twitchy.com/2012/11/08/layoff-bomb-detonates-large-corporations-join-small-businesses-in-announcing-mass-cuts/
davidk on November 9, 2012 at 4:10 PM
hmm. its too bad that the GOP, the “conservative party,” doesn’t run a house of Congress or anything to prevent spending problems.
Oh, wait.
joey24007 on November 9, 2012 at 4:12 PM
Wait – I thought tax increase were good for the economy?
The recession was supposedly caused by giving tax breaks to the rich – so shouldn’t the opposite make it run like a well oiled machine?
Isn’t that right leftists?
Colbyjack on November 9, 2012 at 4:12 PM
that will never happen.
joey24007 on November 9, 2012 at 4:14 PM
Paying taxes is patriotic.
The more taxes, the more patriotic.
davidk on November 9, 2012 at 4:14 PM
that is what being a good comrade is all about, comrade.
joey24007 on November 9, 2012 at 4:17 PM
The House needs to deny Hussein the one thing he promised over and over again, ending tax cuts on the rich. Make it all or none and force him to decide.
antipc on November 9, 2012 at 4:26 PM
I used to think this would work. Then Obama got re-elected on economic statistics that would have had a Republican flayed alive and dragged across the salt flats behind wild horses.
Half of those in the exit polls still blamed Bush for our current economy.
I’ve undergone a serious paradigm shift. I would no longer be surprised if in 2016, this statistic still held up. I heard someone on the radio today blame Pete Wilson for California’s economy. Pete Wilson’s term as governor ended in 1999.
Today, both houses of California’s legislature have 2/3 plus Democratic majorities. They can now raise taxes without a vote of the people, legislate unilaterally, override a governor’s veto, and put constitutional amendments on the ballot. With California’s new “open” primary law, I faced a ballot for my state Senator that had two Democrats on it. That law was voted in by the population of this state.
This is uncharted territory. At least in this country.
We read books like 1984, and follow characters who struggle in futile desperation against totalitarianism. What I don’t remember seeing in the book were the people who smile at the telescreens, eat their rations with gratitude and relish, and can’t wait for that new portrait of Big Brother to come out so they can spend a month’s salary on it. The ones who loved Big Brother with no coercion at all.
I don’t think people realize how much of the past century’s resistance to totalitarian regimes depended on there being a wall the victims could look over to see what freedom was.
tbrosz on November 9, 2012 at 4:39 PM
Off the cliff we go. Weeeeeee.
agmartin on November 9, 2012 at 4:39 PM
Mr. Krugman,
Enron on line 2. They said something about a refund for your consulting fees.
HumpBot Salvation on November 9, 2012 at 4:40 PM
I’m inclined to agree. Let them have it. You get what you pay for.
squint on November 9, 2012 at 4:49 PM
Only problem with calling the fiscal cliff bluff, is that Republicans (ostensibly) aren’t concerned with that.
The point of “holding the nation hostage” (give me a break) is that the climbing debt and reckless spending is a bigger problem than the short-term problem of “how much do we borrow this year, while rendering the very idea of a debt ceiling meaningless by extending it indefinitely”.
Republicans – or more accurately, fiscal conservatives, will shrug at this calling of the bluff because they consider it the lesser of two evils. And they’re right.
The Schaef on November 9, 2012 at 4:51 PM
That wall has been a facade for some time now. And now, even the facade is gone. Enter night.
squint on November 9, 2012 at 4:55 PM
That’s true. But the other side of that is that, as bad as the economy has been, we’ve been exaggerating comparing it to the Carter years.
The best thing at this point is to remove the ambiguity. Let what happens happens, and let Obama have what he wants on any field that we can easily repeal later. Do I really want to watch Boehner blubber and flop and reel for six or twelve months before he probably caves anyway? Do we really need to hear the nightly blasting
We stood our ground in 2011 and refused to accept tax hikes because we assumed, quite reasonably, that help was on the way. We know now that that’s not the case. Help is not on the way. It won’t be coming until more of the public sees that the result of liberal economics. Nobody under 40 remembers the 1970s. We need to actually see it, not scroll past a link that an old fart relative posted on Facebook about something Rush Limbaugh said.
We’ve been hearing about “the Bush tax cuts” for 10 years. Let Barack Obama be the man who repealed the Bush tax cuts. Let the economy be the result of Barack Obama’s policies, not “partisan bickering” and “Republican refusal.”
HitNRun on November 9, 2012 at 4:56 PM
Precisely..we have been and will be blamed as long as WE are the focus…
we need to step out of the way and just let Barcky steer the Titanic…
Tim Zank on November 9, 2012 at 5:15 PM
Not to mention the benefit of the “mind-f*ck” it would throw on everybody…they wouldn’t know what to do..
Tim Zank on November 9, 2012 at 5:16 PM
If someone wants to cut off both my arms, and I don’t want them to cut off any….
…I certainly don’t compromise and let them cut off one.
Hold firm, Republicans. Shut down the government – that’s certainly a way to cut spending. Not the best way but an effective way.
blink on November 9, 2012 at 5:23 PM
The GOP should not budge an inch on this. If the country wants big govt and big taxes, by all means let them have it.
Sometimes you have to be punished in order to learn. This is one of those times.
WisCon on November 9, 2012 at 5:40 PM
I want some of the drugs he’s on.
Mommynator on November 9, 2012 at 5:41 PM