Paul “Absurdo the Wonder Clown” Krugman today makes the comparison between Obama’s loss of face in Tuesday’s elections and the bloody assault on the Anzio beachhead in January 1944. Apparently, the President’s economic policy isn’t enough, and we need to spend more. This from a Nobel Laureate in Economics.
Anzio was an attempt to break a stalemate in the Italian campaign. Thousands of Allied soldiers had been killed in the attempt to take mountain range after mountain range as the German Army dug in on the high ground. Anzio was to be the key to Rome. Instead, the Germans rushed in every available soldier to try and drive the Americans back to the sea. It was an undermanned invasion from the beginning and the risk of failure was high. It turned into one of the hottest beachheads of the war. In 2 days, the Germans had 40,000 troops on the line to the Allies 38,000. General Lucas, the commanding officer on the Allied side, was relieved of command for a lack of aggression, which is Krugman’s point in the analogy, but the truth was that a rush from the beach would have led to the piecemeal destruction of the entire army. It is still a controversial call.
Mr. Krugman, acolyte of Keynes that he is, figure that if some government spending is good, more is better. Except that trillions upon trillions have already been spent; under the Auto Bailout, TARP’s I and II, and then the Stimulus Bill. This does not include defense and other government spending which are at record highs, nor the extension of unemployment benefits nor 100 other programs.
That we simply do not have the money and our creditors are at the door does not register with Mr. Krugman, and even to a Keynsian, the bill comes due one day. That there are signs the economy is slowly reviving also doesn’t seem to register. Nor does the truth that the vast bulk of the Stimulus money has not yet hit the economy. He wants more.
So with our system awash in dollars and the presses running overtime and interest at all time lows Mr. Krugman’s answer is to use the Weimar Option. There are a number of famous photos of Germans paying for a bag of groceries with wheelbarrows full of Marks back in the late 1920’s. Mr. Krugman’s analogy really should be “it’s the economy, stupid!”, because our government has mismanaged itself into a mess.
Perhaps Mr. Krugman should look at the way our manufacturing base has hollowed out and how to stabilize and revitalize the creation of real wealth through the four pillars; manufacturing, construction, natural resources, and agriculture. Even Keynes would have understood this. And all the while inside the bubble they play the blame game.
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The “American Economy,” is no longer small individual enterprises of rugged individualists competing to become bigger than they were!
To survive and compete in todays global market, you have to lose your individualist identity, and become a part of a large conglomerate, a Global Multi National Corpotation. You have to become a part of a global enterprise that is larger and more powerful than most governments, in order to be a player in the world of “Free Enterprise!”
You can believe that you are a small businessman opperating a small business and that you and your kind are the foundation that makes America great. You can believe that, and the world will continue to laugh at you. You Libertarians are lost inside the no longer existing past! Wake up and face our present day global reality.
Every educated person knows, or should know, that everything on the planet is structured to evolve so as to survive inside a changing environment. If anything or anyone does not or cannot make a necessary adjustment to a changing environment, that what exists will no longer be able to exist into the future!
Capitalism has grown into the stage of “Globalism,” because it is the only way that capitalism can evolve and grow, and not die and not realize it’s full potential.
Capitalisim cannot move back into the way it was during the early history of America, just like a old man cannot recapture his youth.
If you allow yourself to view the world scientificaly, you cannot help but come to the conclusion that the only possible alternative to a Free Market Economy is a Controled Market Economy, and the only possible alternative to a “World Controled Market Economy is a “World Planned Market Economy” that is designed to profit the entire planet without discrimination!
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