Tuesday, January 19, 2016

Paul Krugman: Bernie Sanders Policy Proposals Disturbing

You know Bernie's policies are really bad when even Krugman slams them.

Krugman writes;
[H]ere’s the thing: we now have a clear view of Sanders’ positions on two crucial issues, financial reform and health care. And in both cases his positioning is disturbing — not just because it’s politically unrealistic to imagine that we can get the kind of radical overhaul he’s proposing, but also because he takes his own version of cheap shots....

On finance: Sanders has made restoring Glass-Steagal and breaking up the big banks the be-all and end-all of his program. That sounds good, but it’s nowhere near solving the real problems...

On health care: leave on one side the virtual impossibility of achieving single-payer. Beyond the politics, the Sanders “plan” isn’t just lacking in detail; as Ezra Klein notes, it both promises more comprehensive coverage than Medicare or for that matter single-payer systems in other countries, and assumes huge cost savings that are at best unlikely given that kind of generosity. This lets Sanders claim that he could make it work with much lower middle-class taxes than would probably be needed in practice.

To be harsh but accurate: the Sanders health plan looks a little bit like a standard Republican tax-cut plan, which relies on fantasies about huge supply-side effects to make the numbers supposedly add up...

[i]t’s not the kind of brave truth-telling the Sanders campaign pitch might have led you to expect.

And look: if the political theory behind supporting Sanders is that the American people will vote for radical change if you’re honest about what’s involved, the campaign’s evident unwillingness to fully confront the issues, its reliance on magic asterisks, very much weakens that claim.

No comments:

Post a Comment