Prof. Krugman: Gloom And Doom, Trump Style

I've wiggled into a crevice through The New York Times' paywall, and entered a treasure trove of Paul Krugman articles; that's why I'm publishing all these Krugman posts. The hole in the paywall will close shortly.

Anyway, Prof. Krugman is not pleased with the election. Here are some of his thoughts, expressed in an article entitled "The Sorrow and the Pity":

A lot of people in politics and the media are scrambling to normalize what just happened to us, saying that it will all be OK and we can work with Trump. No, it won’t, and no, we can’t. The next occupant of the White House will be a pathological liar with a loose grip on reality; he is already surrounding himself with racists, anti-Semites, and conspiracy theorists; his administration will be the most corrupt in America history.

How did this happen? There were multiple causes, but you just can’t ignore the reality that key institutions and their leaders utterly failed. Every news organization that decided, for the sake of ratings, to ignore policy and barely cover Trump scandals while obsessing over Clinton emails, every reporter who, for whatever reason — often sheer pettiness — played up Wikileaks nonsense and talked about how various Clinton stuff “raised questions” and “cast shadows” is complicit in this disaster. And then there’s the FBI: it’s quite reasonable to argue that James Comey, whether it was careerism, cowardice, or something worse, tipped the scales and may have doomed the world.

No, I’m not giving up hope. Maybe, just maybe, the sheer awfulness of what’s happening will sink in. Maybe the backlash will be big enough to constrain Trump from destroying democracy in the next few months, and/or sweep his gang from power in the next few years. But if that’s going to happen, enough people will have to be true patriots, which means taking a stand.

And anyone who doesn’t — who plays along and plays it safe — is betraying America, and mankind.

Here's a second, related article by Prof. Krugman, entitled "The Long Haul." I've already posted this article in full, a post I entitled "Dr. Krugman: Be Stalwart." But I think it's worth reposting here:

As I said in today’s column, nobody who thought Trump would be a disaster should change his or her mind because he won the election. He will, in fact, be a disaster on every front. And I think he will eventually drag the Republican Party into the abyss along with his own reputation; the question is whether he drags the rest of the country, and the world, down with him.

But it’s important not to expect this to happen right away. There’s a temptation to predict immediate economic or foreign-policy collapse; I gave in to that temptation Tuesday night, but quickly realized that I was making the same mistake as the opponents of Brexit (which I got right). So I am retracting that call, right now. It’s at least possible that bigger budget deficits will, if anything, strengthen the economy briefly. More detail in Monday’s column, I suspect.

On other fronts, too, don’t expect immediate vindication. America has a vast stock of reputational capital, built up over generations; even Trump will take some time to squander it.

The true awfulness of Trump will become apparent over time. Bad things will happen, and he will be clueless about how to respond; if you want a parallel, think about how Katrina revealed the hollowness of the Bush administration, and multiply by a hundred. And his promises to bring back the good old days will eventually be revealed as the lies they are.

But it probably won’t happen in a year. So the effort to reclaim American decency is going to have to have staying power; we need to build the case, organize, create the framework. And, of course, never forget who is right.

It’s going to be a long time in the wilderness, and it’s going to be awful. If I sound calm and philosophical, I’m not — like everyone who cares, I’m frazzled, sleepless, depressed. But we need to be stalwart.