Paul Ryan for Speaker? his budget plan "a ludicrous mess of magic asterisks"

Congressional Republicans are begging Paul Ryan to be their new Speaker of the House. We assume the Wisconsin State Journal will soon join that chorus.

Paul Ryan with dumbbell

Fortunately Paul Krugman is around to remind us that Paul Ryan is a flimflam artist. [Emphasis added]

More than anyone else in his caucus, he has the reputation of being a brilliant policy wonk.

And that tells you even more about the dire state of the GOP. After all, Ryan is to policy wonkery what Carly Fiorina is to corporate management: brilliant at selling himself, hopeless at actually doing the job. Lest we forget, his much-vaunted budget plan proved, on even superficial examination, to be a ludicrous mess of magic asterisks. His big contribution to discussion of economic policy was his stern warning to Ben Bernanke that quantitative easing would “debase the dollar”, that rising commodity prices in early 2011 presaged a surge in inflation. This guy’s delusions of expertise should be considered funny.

Yet he may indeed be the best they have.

Does it matter to the State Journal that the guy’s posing as an economic policy wonk while, in fact, being routinely wrong?

The dollar hasn’t been “debased”. That’s just Glenn Beck gold-bug talk. And inflation remains below the Fed target. In practice he just wants to give tax cuts to the wealthy, like Trump, and Rubio, and Romney, and Bush II, and Walker, and on and on. It’s impossible for them to say it aloud. Ordinary Americans don’t want more tax cuts for the rich, even Republican majorities say this in polls. But if you look at the record and the continuing GOP proposals, that’s what the stars of the Republican Party continue to offer.

A functioning news media would make this all intensely clear. It doesn’t happen.

They don’t make it clear. Surely this means something.

We predict the Wisconsin State Journal will continue to be dazzled by Mr. Flimflam.

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  1. Pingback: Wisconsin State Journal giddy for Paul Ryan as Speaker – The Daily Tissue