The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

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Wednesday, December 5, 2012

Frank Rich: The Fiscal Cliff Is the Y2K of 2012 -- Daily Intel

The breathless and phony countdown to the fiscal cliff — What if they can’t agree? What if we fall off? Can America possibly survive? — is media hype, a desperate effort to drum up a drama to keep viewers and readers tuned in now that the election is over. It’s a Road Runner cartoon, Beltway-edition. And it’s going to end with a whimper like the similarly apocalyptic, now long-forgotten Y2K scare of the turn of the millennium. Everyone knows the Republicans are going to fold — the Republicans know they are going to fold — and the only question to be resolved is when and on what terms. They have zero leverage.

via nymag.com

Frank Rich is like a stupid version of Paul Krugman. I suppose it's unlikely he'll get lost in Montana and eaten by a bear, but one can always hope. --TS

http://rightcoast.typepad.com/rightcoast/2012/12/frank-rich-the-fiscal-cliff-is-the-y2k-of-2012-daily-intel.html

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Comments

Wow, I got lost trying to imagine a "stupid version of Paul Krugman."

Posted by: Jimbino | Dec 5, 2012 3:56:11 PM