Economist Paul Krugman explains why Republican coronavirus relief proposals are 'insultingly inadequate'

Economist Paul Krugman explains why Republican coronavirus relief proposals are 'insultingly inadequate'
Economy

Republicans and Democrats have been making radically different proposals for a coronavirus relief package, and the proposals that have been coming from the Biden Administration and Democrats in Congress are much more comprehensive. Liberal economist and New York Times columnist Paul Krugman compares the two in a Twitter thread posted over the weekend, slamming GOP ideas as "insultingly inadequate" and stressing that Democrats shouldn't water down their proposals in the "name of bipartisanship."

Krugman posts, "So Rs want Biden to drastically scale back economic relief in the name of bipartisanship. Their offer is insultingly inadequate, and their claims that using reconciliation would 'poison the well' are rich given how they rammed through the 2017 tax cut."

In his Times column, Krugman has been stressing that an economic crisis as severe as the one caused by the COVID-19 pandemic warrants an aggressive economic relief package.


"The major items in the Biden proposal are very popular, generally with >60% approval," Krugman tweets. "Why defer to a party that is lockstep opposed to what the public wants?"

Krugman adds, "And one particularly annoying point: Rs having the nerve to complain that the $1400 checks are poorly targeted. The 2017 tax cut delivered 79% of its benefits to people with >$100K income."

Democrats, according to Krugman, are under no obligation to pursue "bipartisanship" when the GOP is full of conspiracy theorists who don't even believe that Biden legitimately won the 2020 presidential election:

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}
@2022 - AlterNet Media Inc. All Rights Reserved. - "Poynter" fonts provided by fontsempire.com.