We Lost the War

“So the world’s greatest military power went to war with a poor, medievalist theocracy. It was an incredibly uneven match … Yet Iran won. The Iranian regime has emerged far stronger than it was before, controlling the Strait of Hormuz and having demonstrated its ability to inflict damage on both its neighbors and the world economy. The U.S. has emerged far weaker, having demonstrated the limitations of its military technology, its strategic ineptitude and, when push comes to shove, its cowardice. … We’ve also destroyed our moral credibility: Trump may have TACOed at the last minute, but he threatened to commit gigantic war crimes — and for all practical purposes our political and civil institutions gave him permission to do so.”

Paul Krugman

Trump Lost at Davos

“Donald Trump and his team clearly went to Davos determined to demean and insult their hosts. It was, one might say, a novel approach to diomacy: ‘You’re pathetic, your societies and economies are falling apart, now give us Greenland.’ … And it worked about as well as you’d expect. Trump may have imagined that the Europeans would cower in the face of his wrath. Instead, they humiliated him. He dropped his latest tariff threats in return for a ‘framework’ that gave the United States essentially nothing it didn’t already have — and left behind a Europe that is finally united in resistance to his bullying.”

Paul Krugman

Donald Trump: World’s Biggest Security Threat

“To update Samuel Johnson, these days national security is the last refuge of a scoundrel. According to Donald Trump, anything he doesn’t like is a threat to national security. Question his clearly illegal tariffs? You’re a dark and sinister force trying to undermine America. When the New York Times reported on signs that age may be taking a toll on Trump’s stamina, he denounced the reporting as ‘seditious, maybe even treasonous.’ … But some of America’s allies — and many of us here at home — are becoming increasingly open about saying that the real danger is coming from inside the White House: Trump himself has become the biggest security threat facing the U.S. and, indeed, all the world’s democracies.”

Paul Krugman

Trump Has No Economic Plan

“Even though he will take office in just a few days, we have almost no idea. … That’s not because the Trump team is keeping its plans closely held, nor is it because there are major factional fights. All the evidence suggests, instead, that Trump’s economic team still doesn’t have any plans, or even concepts of plans. All it has are some half-formulated thoughts about how to cater to Trump’s prejudices without doing massive economic damage.”

— Paul Krugman

Krugman: Sanders Campaign has Lost Its ‘Ethical Moorings

It’s one thing for the Sanders campaign to point to Hillary Clinton’s Wall Street connections, which are real, although the question should be whether they have distorted her positions, a case the campaign has never even tried to make. But recent attacks on Mrs. Clinton as a tool of the fossil fuel industry are just plain dishonest, and speak of a campaign that has lost its ethical moorings.

— Paul Krugman in the New York Times

Don’t Hold Your Breath for Trump’s ‘Katrina Moment’

The point is that those predicting Mr. Trump’s imminent political demise are ignoring the lessons of recent history, which tell us that poseurs with a knack for public relations can con the public for a very long time. Someday The Donald will have his Katrina moment, when voters see him for who he really is. But don’t count on it happening any time soon.

Paul Krugman, noting that while Donald Trump “doesn’t exude presidential dignity, he’s seeking the nomination of a party that once considered it a great idea to put George W. Bush in a flight suit and have him land on an aircraft carrier.”

Krugman Explains Why the GOP Hates Social Security

What’s puzzling about the renewed Republican assault on Social Security is that it looks like bad politics as well as bad policy. Americans love Social Security, so why aren’t the candidates at least pretending to share that sentiment? The answer, I’d suggest, is that it’s all about the big money. … By a very wide margin, ordinary Americans want to see Social Security expanded. But by an even wider margin, Americans in the top 1 percent want to see it cut. And guess whose preferences are prevailing among Republican candidates … Nowadays, at least on the Republican side, the invisible primary has been reduced to a stark competition for the affections and, of course, the money of a few dozen plutocrats.

New York Times.

Krugman Quick to Remind Us He was an Early Anti-Bushist

I’ve been focused on economic policy lately, so I sort of missed the big push to rehabilitate Bush’s image; also, as a premature anti-Bushist who pointed out how terrible a president he was back when everyone else was praising him as a Great Leader, I’m kind of worn out on the subject. … But it does need to be said: he was a terrible president, arguably the worst ever, and not just for the reasons many others are pointing out.

— Paul Krugman, writing in the New York Times.