Skip to main content

Well, here's something I didn't expect to see: MSNBC morning host Joe Scarborough agreeing with a New York Times columnist that it's a bad idea to cut spending when the economy is growing slowly:

"What this [the sequester] is going to do to the economy, is very, very troubling," said Gail Collins of the Times. "Whether it's crazy spending in defense, or smart spending elsewhere, just pulling the plug like this is going to be bad for us."

"Right," said Scarborough. "It's interesting, the Republicans actually don't believe in stimulus spending when it's attached to domestic programs, but you do hear people like Eric Cantor in Virginia saying 'This stimulates the economy, if you cut defense spending, it's going to cost jobs.' And it will, also. I mean the economy is upside down right now. We were in negative growth this last quarter."

So, if you're keeping score at home, at 8:30 AM ET on Feb. 21, 2013, Joe Scarborough finally admitted that cutting spending costs jobs when the economy isn't doing well is a bad idea. The thing that makes this so surprising is that for the past few weeks, Scarborough has been waging a campaign against a different New York Times columnist—Nobel prize-winning economist Paul Krugman—for saying the same exact thing. For example:

Wayne LaPierre's views on guns are as extreme as Paul Krugman's views on debt.
@JoeNBC via Twitterrific
According to Scarborough, Krugman's economic ideas are so far out of the mainstream that virtually nobody agrees with him, but as Scarborough's comments on Thursday morning make clear, the real problem is that Scarborough simply doesn't understand what Krugman is saying.

To be fair to Scarborough, I'm pretty confident that he doesn't share Krugman's spending priorities—Krugman would rather spend money to lift people from poverty and to invest in our nation's future than on the military bloat supported by Scarborough. And Krugman probably would spend more money than Scarborough because he wants more economic growth than Scarborough. But even though Scarborough will never explicitly admit it, they do share the same basic economic theory: that when the economy is weak, more government spending means more jobs. The debate shouldn't be about whether we spend the money—it should be about what we spend the money on.

Originally posted to The Jed Report on Thu Feb 21, 2013 at 12:57 PM PST.

Also republished by Daily Kos.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site