Earlier today I was fascinated by the blatant contradiction in this post from Krugman:
There are many lists now circulating of the biggest winners and losers from the election; oddly, however, none of the lists I’ve seen mentions just how bad this result is for Wall Street’s Masters of the Universe.
The story, as you may recall, is that the financial industry — having brought both itself and the rest of the world to the edge of disaster — was bailed out by taxpayers. Yet far from being grateful, top financial types were furious at Obama for occasionally hinting that some of them might have misbehaved a bit. And investment bankers — who normally lean Democratic — went overwhelmingly to the other side, pouring cash into Mitt Romney’s coffers in the no doubt correct expectation that a Romney administration would dismantle financial reform and treat their wealth with the adulation they believe to be their birthright.
But Romney lost and Obama won. The limits of their power have been cruelly exposed, and the reelected president now owes them nothing. Did I mention that Elizabeth Warren is going to the Senate — a Senate that will be substantially more progressive and less Wall Street friendly than before?
Bad move, guys.
Do you see the contradiction? Krugman is simultaneously ridiculing Wall Street guys for pouting just because Obama doesn’t fawn over them–in other posts he calls it “hey ma he’s looking at me funny!”–and then goes on to say that because Obama won, these rich Wall Street guys are going to get hit. So how was their support for Romney a “bad move”? Try going through Krugman’s post, switching Obama and Romney, and replacing “Masters of the Universe” with “poor seniors dependent on Medicare.” Oh, you fools supported Obama because you were afraid of draconian cuts to entitlements?! Ha ha, now we’re unleashing Paul Ryan on you. Bad move, gramps.
Yet my fascination was compounded when I read Krugman’s next post, in which he psychoanalyzed Republicans in this way:
I’ll try to present some more coherent thoughts on a later occasion, but here’s my quick take: what we’ve just seen is a peek into the modern right-wing psyche, which is obsessed — more than anything else — with power. Policy is one thing; but equally or even more important is the sense of being with the winners, of being part of the team that will stamp its boots on the faces of the other guys.
Seriously, reading Krugman lately gives me the willies. Bad post, guy.
(If you don’t “get” what I’m saying, re-read Krugman’s discussion of the manhandling Wall Street is in for, because they had the audacity to support the loser in the election. Then read his psychoanalysis of Republicans. It’s creepy.)