Monday, October 10, 2011

The Latest From Princeton

Paul Krugman writes a remarkably shrill NYT piece, even for him, about the “Occupy Wall Street” movement today, claiming that,

… the protests have already elicited a remarkably hysterical reaction from Wall Street, the super-rich in general, and politicians and pundits who reliably serve the interests of the wealthiest hundredth of a percent.

Oh, really? And what form does that “remarkably hysterical reaction” seem to have taken? Well, he goes on to describe various Republicans calling them names, like “mobs” for instance, and accusing them of threatening to steal iPads. They sound pretty stupid, but Republicans sort of thrive on stupid. They hardly sound hysterical.

Paul Krugman sounds hysterical, but then he usually does.

He goes on at great length about how “financial-industry barons went wild over very mild criticism from President Obama” and a “campaign of character assassination against Elizabeth Warren” which would cause you to “think that Ms. Warren was the second coming of Leon Trotsky.”

It was a bit more than mere "very mild criticism," and the "barons" hardly "went wild" while continuing to contribute heavily to his reelection campaign, but let's not pick nits. Well, yes, let's.

Go ahead and read it. It is far more entertaining than it is informative.

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