Krugman on the GOPropaganda from the Washington Post/Pete Peterson Group


Posted by AzBlueMeanie:

I have argued, and will continue to do so, that everything the Washington Post publishes about the so-called "fiscal cliff" austerity crisis and social security and Medicare should come with a disclaimer disclosing the Washington Post's partnership with the Pete Peterson Group, an organization dedicated to the destruction of social security and Medicare.

Paul Krugman in a recent blog post drew attention to the GOPropraganda at the Washington Post. Why People Are Confused About the Fiscal Cliff:

Dean Baker catches the Washington Post running a Q&A under this banner:

OK, if there’s one thing the fiscal cliff confrontation isn’t, it’s a “debt crisis.” The problem — a political standoff that may lead to damaging austerity in an economy that’s still depressed and in a liquidity trap — has nothing to do with either debt or deficits; the danger would be exactly the same if America had a balanced budget and low debt.

So what’s going on with the subhed? The answer is that the Very Serious People — and there’s nothing as VSP as the WaPo — have spent years crying Deficits! Debt! Danger!, and staff at the Post can’t wrap their minds around the fact that suddenly it’s a too-rapid fall in the deficit that has those very same People terrified.

It speaks to the state of confusion that all the deficit fearmongering has created. And if headline writers at a major newspaper can’t get it straight, how can you expect ordinary voters to get it?

Or the numerous newspapers, like the Arizona Daily Star, that subscribe to the Washington Post news service and simply republish this GOPropaganda with nary a concern for questioning the misleading misinformation from the Washington Post/Pete Peterson Group. This is how the corporate "lamestream" media is failing its mission to inform the public. It's no wonder we have a country full of economics imbeciles.

The Fiscal Ignoramus Factor: "Some of us had fun with the Business Insider poll finding that by a large margin, people who thought they knew something about the fiscal cliff believed that it would increase, not reduce, the deficit. Ha ha ha."

I think it comes back to the epistemic closure issue. Even supposedly well-informed people on the right get their “facts” from the likes of the Heritage Foundation. Probably Jindal never talks to anyone who will quietly explain that the fiscal cliff is a problem because, well, Keynesian economics is basically right, and you really don’t want austerity in a depressed economy. So he has some vague notion that it’s about the wages of fiscal irresponsibility, which it isn’t, and apparently believes that he knows enough to pontificate.