Paul Krugman talks about Mitt Rmoney’s recent gaffe… Krugman defines a gaffe as “when a politician accidentally tells the truth” … in which Rmoney revealed himself to be a closet Keynesian. This is hardly surprising; anyone who does not acknowledge the fundamental correctness of Keynes’s hypotheses on depression economics and the necessary government role they imply is looking to send America the way of Greece, Ireland, Spain et al… sooner rather than later.
So what did Rmoney accidentally say aloud? Only this:
If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy.
So there you have it. Speaking truth to Republicans is not permitted, especially if you are a presidential candidate. So Rmoney’s campaign has walked back this scarcely questionable, let alone deniable statement.
So Mitt is lying again, and everybody in his party is happy with his return to orthodox mendacity, or is it mendacious orthodoxy. Ain’t life great?