[Reader-list] ECONOMICS: Bush Critic Krugman wins Nobel Prize

[Naeem Mohaiemen]

Paul Krugman has won Nobel Prize for Economics...

>From his blog...

"The crisis isn't the only scary thing going on. Something very ugly
is taking shape on the political scene: as McCain's chances fade, the
crowds at his rallies are, by all accounts, increasingly gripped by
insane rage. It's not just a mob phenomenon — it's visible in the
right-wing media, and to some extent in the speeches of McCain and
Palin. We've seen this before. One thing that has been sort of written
out of the mainstream history of politics is the sheer insanity of the
attacks on the Clintons — they were drug smugglers, they murdered
Vince Foster (and lots of other people), they were in league with
foreign powers. And this stuff didn't just show up in fringe
publications — it was discussed in Congress, given props by the
editorial page of the Wall Street Journal, and so on. What it came
down to was that a significant fraction of the American population,
backed by a lot of money and political influence, simply does not
consider government by liberals (even very moderate liberals)
legitimate. Ronald Reagan was supposed to have settled that once and
for all. What happens when Obama is elected? It will be even worse
than it was in the Clinton years. For sure there will be crazy
accusations, and I wouldn't be surprised to see some violence. The
next few years are going to be very, very tough."