Daniel Davies, in one of the great blog posts of this era, laid down a key principle:Good ideas do not need lots of lies told about them in order to gain public acceptance.
He was talking about the selling of the Iraq war, but it applies more generally.
Krugman then accuses Hank Paulson (SecTreas) of doing just that today in a Senate hearing (the link has video).
What did Paulson say that caused Mr. Krugman to be so accusatory?
We gave you a simple, three-page legislative outline and I thought it would have been presumptuous for us on that outline to come up with an oversight mechanism. That’s the role of Congress, that’s something we’re going to work on together. So if any of you felt that I didn’t believe that we needed oversight: I believe we need oversight. We need oversight.
Er, Mr. Secretary, that's not at all what your proposal said.
Posted by Linkmeister at September 23, 2008 10:53 AM | TrackBack