{"id":231461,"date":"2010-01-26T09:24:00","date_gmt":"2010-01-26T14:24:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/krugman-spending-freeze-appalling-2010-1"},"modified":"2010-01-26T09:24:00","modified_gmt":"2010-01-26T14:24:00","slug":"the-spending-freeze-appalling-on-every-level","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/231461","title":{"rendered":"The Spending Freeze: Appalling On Every Level"},"content":{"rendered":"<p><a href=\"http:\/\/krugman.blogs.nytimes.com\/2010\/01\/26\/obama-liquidates-himself\/\">From NYT<\/a>:<\/p>\n<p>A <a href=\"http:\/\/www.nytimes.com\/2010\/01\/26\/us\/politics\/26budget.html?hp\">spending  freeze<\/a>? That&rsquo;s the brilliant response of the Obama team to their  first serious political setback?<\/p>\n<p>It&rsquo;s appalling on every level.<\/p>\n<p>It&rsquo;s bad economics, <a href=\"http:\/\/economistsview.typepad.com\/economistsview\/2010\/01\/obama-wants-to-limit-government-spending-despite-high-unemployment-and-a-fragile-economy.html\">depressing  demand<\/a> when the economy is still suffering from mass unemployment. <a href=\"http:\/\/www.samefacts.com\/2010\/01\/politics-and-leadership\/obamas-self-inflicted-lobotomy-proceeds-apace\/\">Jonathan  Zasloff<\/a> writes that Obama seems to have decided to fire Tim  Geithner and replace him with &ldquo;the rotting corpse of Andrew Mellon&rdquo;  (Mellon was Herbert Hoover&rsquo;s Treasury Secretary, who according to Hoover  told him to &ldquo;liquidate the workers, liquidate the farmers, purge the  rottenness&rdquo;.)<\/p>\n<p><a href=\"http:\/\/krugman.blogs.nytimes.com\/2010\/01\/26\/obama-liquidates-himself\/\">Read the rest at NYT-&gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/krugman-spending-freeze-appalling-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/hold-on-obama-opposed-a-spending-freeze-before-he-supported-it-2010-1\">Hold On! Obama Opposed A Spending Freeze Before He Supported It <\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/obamas-spending-freeze-is-another-huge-win-for-wall-street-and-a-huge-loss-for-main-street-2010-1\">Obama&#8217;s Spending Freeze Is Another Huge Win For Wall Street, And A Huge Loss For Main Street<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/obamas-spending-freeze-will-torpedo-the-push-for-a-jobs-bill-infrastructure-and-expanded-healthcare-2010-1\">Obama&#8217;s Spending Freeze Will Torpedo The Push For A Jobs Bill, Infrastructure, And Expanded Healthcare<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/h-HEugQ_tvI\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From NYT: A spending freeze? That&rsquo;s the brilliant response of the Obama team to their first serious political setback? It&rsquo;s appalling on every level. It&rsquo;s bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-231461","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=231461"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/231461\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=231461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=231461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=231461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}