Freezing Out Hope

23:32 3/12/2010 - Πηγή: i-Reporter

By PAUL KRUGMAN

After the Democratic “shellacking” in the midterm elections, everyone wondered how President Obama would respond. Would he show what he was made of? Would he stand firm for the values he believes in, even in the face of political adversity? On Monday, we got the answer: he announced a pay

freeze for federal workers. This was an announcement that had it all. It was transparently cynical; it was trivial in scale, but misguided in direction; and by making the announcement, Mr. Obama effectively conceded the policy argument to the very people who are seeking — successfully, it seems — to destroy him.
So I guess we are, in fact, seeing what Mr. Obama is made of.
About that pay freeze: the president likes to talk about “teachable moments.” Well, in this case he seems eager to teach Americans something false.
The truth is that America’s long-run deficit problem has nothing at all to do with overpaid federal workers. For one thing, those workers aren’t