Friday, December 20, 2013

The Tories And Saint Elsewhere

Paul Krugman made an excellent point in his column today about David Cameron's tenure as British Prime Minister. Basically after taking over in 2010 the new Conservative government imposed harsh austerity on Britain in attempt to "trim their way to growth." The results where spectacularly bad with the British economy is still smaller than it was five years ago. Now that the economy is finally starting to grow again, all be it at a very slow pace. As a result David Cameron's Tories are claiming vindication after half a decade of failure. Krugman pointed out that claiming victory now is a lot like the old Three Stooges gag where Curly bangs his head against the wall:
Economies do tend to grow unless they keep being hit by adverse shocks. It’s not surprising, then, that the British economy eventually picked up once Mr. Osborne let up on the punishment.

But is this a vindication of his austerity policies? Only if you accept Three Stooges logic, in which it makes sense to keep banging your head against a wall because it feels good when you stop. 
Yes, exactly.


Over at The Good Men Project I had a number of posts recently. I talked about our failed embargo against Cuba, how Republicans are open to new revenues when they are called "fees," the silliness of trying to depoliticize Nelson Mandela, the annoying GOP tendency to see outrages at every funeral attended by Democrats, Rick Santorum's attempt to bring back the death panel myth, and how Paul Ryan is a lot like those German nihilists from "The Big Lebowski."

No comments:

Post a Comment