The Blogosphere Has Corrected the Record

Will Paul Krugman?

At a Heritage event, Arnold Kling said:

Back in September when they were talking about taking $700 billion dollars to unclog the financial system I wanted to yank Henry Paulson out of the TV screen and say to him: “Keep your hands off my daughter’s future.” But he got away with it. For me it felt like sitting there watching my home being ransacked by a gang of thugs. And now we’ve got a new gang of thugs and they are doing the same thing.

Careless blogging and hyper-ideology twisted that into a knock on President Obama and imputed racism to Kling. Krugman incorporated it all into a column decrying the “ugliness of the political debate” over Obama’s stimulus.

Well, Paulson’s TARP and Obama’s stimulus are ugly, and so evidently is the cacophony in the echo chamber where Krugman gets his information. But not Kling.