Sunday, September 22, 2013

Yves Smith on Obama

This seems right to me. Yves Smith comment on Obama responding to Krugman:
The Crazy Party Paul Krugman. True only up to a point. First, crazy is a very good strategy. Kissinger promoted the idea of Nixon as crazy (before Watergate really did make him paranoid) to improve US bargaining leverage. What is more scary than a rabid crazy anti Commie with nukes? Second, when Obama had more power (as in was less lame-ducky) he used Republican craziness as his air cover for doing what he wanted to do. That rewarded and encouraged super extreme behavior.

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