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Theo ông Paul Krugman, người đoạt giải Nobel Kinh Tế năm 2008

Subject: Paul Krugman: Bản chất gian trá của đảng Cộng Hòa trong quốc sách kinh tế
From: Mike Wilson
Date: Wed, February 14, 2018 9:14 am

Theo ông Paul Krugman, Nobel Kinh Tế 2008:

Năm 2012, dưới thời TT Obama kinh tế đang tuột dốc, thất nghiệp 8%, lãi suất 0%, nợ công đang ở mức 1,09 ngàn tỉ đô la ...nguy cơ suy thoái (recession) dẫn đến suy kiệt (depression) là có thật:

Nhà nước cần chi mạnh tay để đổi chiều, vực dậy đà kinh tế thì bọn Cộng hòa nhao nhao phản đối, trói tay TT Obama, không cho chi nhiều tiền kích cầu viện dẫn lí do cần chống nợ công, "nếu không thì giá trị đồng đô la sẽ giảm mất, v.v ..."

Thực ra, chúng chỉ muốn ngáng cẳng ông Obama, không muốn ông thành công, vì chỉ muốn ông cút khỏi Nhà Trắng sau 1 nhiệm kỳ - CHỈ VÌ ÔNG MANG DÒNG MÁU DA ĐEN !!!

Năm nay, 2018, kinh tế đang trên đà tăng trưởng liên tục, thất nghiệp chỉ 4%, gần như 100% dân có việc làm, thì bọn Cộng Hòa lại vội vã kích thích nền kinh tế bằng cách giảm thêm thuế, tăng thêm 1,15 ngàn tỉ nợ công thay vì làm giảm nợ !!!

Điều này chứng tỏ rằng chúng không thực tâm chống nợ công, mà chỉ dùng nợ công như một cái cớ để phá quốc sách kinh tế của TT Obama, và không muốn ông thành công trong việc phục hồi kinh tế !

Tất cả mọi điều chúng làm đều không phải là mâu thuẫn, bất nhất - mà đều có chủ ý TẠO THÊM NỢ CÔNG ĐỂ LẤY CỚ CẮT GIẢM CÁC CHƯƠNG TRÌNH XÃ HỘI CỦA DÂN !!!

Đảng Cộng Hòa là thế lực chính trị điêu ngoa gian trá - KHÔNG ĐÁNG TIN -
vì chỉ phục vụ lợi ích của giới thượng lưu, giúp cho tài sản chảy ngược lên trên từ đại đa số quốc dân .

Phải hiểu bản chất của chúng thì mới hiểu được các giao động chính trị bất thường và quái đản của nước Mỹ .

nth-fl

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Opinion | Fraudulence of the Fiscal Hawks
Paul Krugman
https://www.nytimes.com/2018/02/08/opinion/republicans-hawks-markets.html
Republicans haven’t changed their views on deficits — they never cared about them; they just wanted to hurt Obama.

In 2011, House Republicans, led by Paul Ryan, issued a report full of dire warnings about the dangers of budget deficits. “The United States is facing a crushing burden of debt,” it declared, warning of a looming fiscal crisis that might soon “capsize” the economy. Citing the horrors of big deficits, Republicans refused to raise the federal debt ceiling, threatening to create financial turmoil and effectively blackmailing President Barack Obama into cutting spending on domestic programs.

How big were these horrifying deficits? In the 2012 fiscal year the federal deficit was $1.09 trillion. Much of this deficit, however, was a direct result of a depressed economy, which held down revenues and increased outlays on unemployment benefits and other safety-net programs. The deficit fell rapidly over the next few years as the economy recovered.

This week Republicans, having just enacted a huge tax cut, cheerfully agreed to a budget deal that, according to independent experts, will push next year’s deficit up to around $1.15 trillion — bigger than in 2012. True, this won’t quite match 2012’s red ink as a percentage of G.D.P.; but this time none of the deficit will be a result of a depressed economy.

Wait, it gets worse. In 2012 there were strong economic reasons to run budget deficits. The economy was still suffering the aftereffects of the 2008 financial crisis. Unemployment was around 8 percent. And the Federal Reserve, which normally takes the lead in fighting slumps, had very limited ammunition: It had already cut interest rates to zero, and its policy of “quantitative easing” — purchasing longer-term debt — was of questionable effectiveness. (And Ryan, among others, fiercely attacked the Fed’s efforts, which he claimed — wrongly — would “debase the currency.”)

The state of the economy in 2012 was exactly the kind of situation in which running budget deficits is actually a good thing, because they help sustain overall spending. By contrast, there is no comparable case for deficits now, with the economy near full employment and the Fed raising interest rates to head off potential inflation. (Maybe the Fed is moving too soon, but the contrast with 2012 is still extreme.)

If anything, we should be using this time of relatively full employment to pay down debt, or at least reduce it relative to G.D.P. “The boom, not the slump, is the time for austerity at the Treasury,” wrote John Maynard Keynes. But Republicans have turned that sage advice on its head. They are providing more stimulus to an economy with 4 percent unemployment than they were willing to allow an economy with 8 percent unemployment.

There have been many “news analysis” pieces asking why Republicans have changed their views on deficit spending. But let’s be serious: Their views haven’t changed at all. They never really cared about debt and deficits; it was a fraud all along. All that has changed is the fact that a Republican now sits in the White House.

How do we know Republicans were never sincere about the deficit? It was obvious, even at the time, to anyone who looked at their fiscal proposals. These proposals always involved giant tax cuts for the wealthy — funny how that worked — offset by savage cuts in social benefits. Even so, assertions that deficits would go down depended entirely on assuming lots of revenue from closing unspecified loopholes and huge savings from cutting unspecified government programs. In other words, even at the peak of their deficit-hawk posturing, all Republicans really had to offer was redistribution from the poor to the rich.

However, pretending to care about the deficit served several useful political purposes. It was a way to push for cuts in social programs. It was also a way to hobble Obama’s presidency.

And I don’t think it’s unfair to suggest that there was an element of deliberate economic sabotage. After all, Republicans weren’t just vehemently opposed to fiscal stimulus; they were also vehemently opposed to monetary stimulus. Basically, they were against anything that might help the economy on President Obama’s watch.

Now Obama is gone, and suddenly deficits don’t matter.

But let me not just bash Republicans. Let me also bash their enablers — all those who were duped into believing their claims to be deficit hawks, or pretended to believe them in order to appear balanced and bipartisan. Such people did America a great disservice.

And they will continue to do a great disservice if they obscure what’s happening now. Please, let’s not talk about the wrongheadedness of fiscal policy — about imposing austerity in a depressed economy, then running up the deficit when we’re already near full employment — as a problem of “political dysfunction,” or assert that both parties are to blame. Democrats didn’t block stimulus when the economy needed it, or push a tax cut that will worsen inequality and explode the national debt.

No, this is all about Republican bad faith. Everything they said about budgets, every step of the way, was fraudulent. And nobody should believe anything they say now.

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