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The Politics of Envy

GPeyton Wrote: May 05, 2012 12:56 PM
“Money buys power,” he writes, “and the increasing wealth of a tiny minority has effectively bought the allegiance of one of our two major political parties [guess which one?']" Krugman's right on the first part. He just can't admit the wealthy have bought Barry & Co (tip: Krugman is part of that company) hook, line and sinker.

Why are so many liberals obsessing about inequality? Why does the president keep talking about rich people as part of his re-election campaign?

Two things to remember about the pundits: (1) the chattering class has to chatter about something and (2) the worst thing for a professional chatterer is to be ignored. One thing to remember about the president: he desperately wants to be re-elected.

Here’s the overall problem: The political left has no solutions to our most pressing problems. Whether the issue is economic growth or runaway entitlement spending or non-performing public schools, left-of-center solutions...

Wednesday, May 22 | 07:16 AM ET
Wednesday, May 22 | 07:16 AM ET
Wednesday, May 22 | 07:16 AM ET
Wednesday, May 22 | 07:16 AM ET