Wednesday, November 14, 2012

Look Who's Refusing To Compromise To Avoid The Fiscal Cliff

Investor's Business Daily ^ | 11/13/2012 | IBD Staff

Budget Talks: If President Obama wants to get a deficit deal done to avoid the fiscal cliff, his biggest challenge won't be Republicans, but his own hard-core left-wing supporters.

Two days after the election, Obama's favorite economist, Paul Krugman, set the tone for the intransigent left in a column titled: "Let's not make a deal." Boiled down, his advice to Obama was this: Don't give in to any Republican demands, even if doing so would "inflict damage on a still-shaky economy." After all, Obama would be better positioned to "weather any blowback from economic troubles."

Krugman's advice may be disturbingly cold and calculating, but he has plenty of company on the left.

(Excerpt) Read more at news.investors.com ...

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