Today, on his blog, Paul Krugman called out the Obama campaign for an ad that has been running in North Carolina and Indiana.
Is Obama misrepresenting what I said?
I wrote on Krugman's views on the gas tax holiday last week:
Paul Krugman: Barack Obama is right on gas tax holiday.
http://www.mydd.com/story/2008/4/29/1845 20/166
Krugman criticized the McCain plan as "a giveaway to oil companies, disguised as a gift to consumers."
He said this about the Clinton plan:
The Clinton twist is that she proposes paying for the revenue loss with an excess profits tax on oil companies. In one pocket, out the other. So it's pointless, not evil. But it is pointless, and disappointing.
After the fold, the Krugman's comments asking for a retraction of the use of his words in an Obama ad.
Here is the Indiana Obama ad:
http://my.barackobama.com/page/content/i n_boost_ad
The ad quotes the New York Times as saying the gas tax holiday would boost oil company profits. Krugman thinks the ad is based on his blog entry:
I don't have a link to the ad itself, but apparently there's an Obama ad citing something I said about McCain's gas tax holiday as a way to attack Hillary Clinton.I did not say that the Clinton proposal would increase oil industry profits. If the ad implies that I did, it should be retracted.
http://krugman.blogs.nytimes.com/
According to Ben Smith,
The campaign has removed the quote from the North Carolina version of the spot, but not the Indiana version.
http://www.politico.com/blogs/bensmith/0 508/Krugman_wants_a_retraction.html
Paul Krugman concludes in his blog entry:
I was very clear when I wrote about the Clinton proposal that while I didn't think it was good policy, it was not the same as McCain's, and relatively harmless. If the Obama people are suggesting otherwise, they're being deliberately dishonest.
http://krugman.blogs.nytimes.com/2008/05 /05/is-obama-misrepresenting-what-i-said /#comments
Who's right here? Is the ad "deliberately dishonest"? Does it matter? Would it matter if Clinton made this ad instead of Obama? Does right and wrong vary depending on whether it favors or hurts your chosen candidate?
Krugman also commented on the gas tax holiday controversy in a longer blog entry today:
Hillary Clinton's proposed gas tax holiday is not, in my view, a good idea. But the furor over what is, when all is said and done, a small and temporary policy proposal is entirely disproportionate.
http://krugman.blogs.nytimes.com/
He suggests that the issue is overplayed in the media for two reasons:
1. "Part of it, clearly, is the fact that many people in the media really, really want Obama to win and Clinton to lose -- read Kurt Andersen -- and have seized on the gas tax as their latest proof that she is ee-ee-vil."
2. "But there's also something going on with economists, a phenomenon I recognize wearing my other hat: the tendency to place excessive weight on issues where professional judgment differs from lay opinion."
What do you think? Read the whole entry. It's quite interesting.
I find Krugman well worth reading and agree with some, but not all, he says. His recent book was excellent. He is interesting and brings an educated perspective to his views. And he is a progressive with populist leanings. He understands the Great Class Stratification.
As always, would your views be different if Obama supported a gas tax holiday (with a windfall profits tax) and Clinton opposed it?
For the record, I agree with Krugman and oppose the gas tax holiday, but I do like an excess profits tax on oil compnaies. I also like a little populist "class warfare," even if it is only verbal. Words do matter. At least she sounds like a Democrat, even if I disagree on the issue.
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