Krugman Celebrates 2010

Here is a bit from Paul Krugman's end of the year op-ed at the NY Times where he reviews the political hypocrisy that marked 2010 as "special"...

Hypocrisy never goes out of style, but, even so, 2010 was something special. For it was the year of budget doubletalk — the year of arsonists posing as firemen, of people railing against deficits while doing everything they could to make those deficits bigger.

And I don’t just mean politicians. Did you notice the U-turn many political commentators and other Serious People made when the Obama-McConnell tax-cut deal was announced? One day deficits were the great evil and we needed fiscal austerity now now now, never mind the state of the economy. The next day $800 billion in debt-financed tax cuts, with the prospect of more to come, was the greatest thing since sliced bread, a triumph of bipartisanship.

Still, it was the politicians — and, yes, that mainly meant Republicans — who took the lead on the hypocrisy front.

Read the whole article to get Krugman's highlights and lowlights in 2010 hypocrisy.