The Narrative
Below I wrote about the Beltway (and White House?) narrative that Obama's failures are all the progressives' fault. That's why, as Atrios noted, Paul Krugman's points on the stimulus are critical:
The way the right [I would say the Beltway myself] wants to tell the story — and, I’m afraid, the way it will play in November — is that the Obama team went all out for Keynesian policies, and they failed. So back to supply-side economics! [. . . T]hat is not at all what happened. A straight Keynesian analysis implied the need for a much bigger program, more oriented toward spending, than the administration proposed. And people like me said that at the time — we’re not talking about hindsight.
[. . .] I’m trying to keep the record straight here. It may not matter for the immediate political debate, but I think it does matter for the long game.
There will be a predictable lynching of progressives by the Beltway after the coming crushing defeat for Dems in November, possibly led by the White House itself.
Speaking for me only
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