Paul Krugman: 2008 Nobel Prize Winner

For those of you who are not familiar with the Nobel Prize-winning economist Paul Krugman and want to learn about his credibility in the world check out this Wikipedia entry.

On November 5 2008 (the day following the election) Paul Krugman posted the following on his New York Times blog, entitled "The Monster Years":

"...for the past 14 years America’s political life has been largely dominated by, well, monsters. Monsters like Tom DeLay, who suggested that the shootings at Columbine happened because schools teach students the theory of evolution. Monsters like Karl Rove, who declared that liberals wanted to offer “therapy and understanding” to terrorists. Monsters like Dick Cheney, who saw 9/11 as an opportunity to start torturing people.

And in our national discourse, we pretended that these monsters were reasonable, respectable people. To point out that the monsters were, in fact, monsters, was “shrill.”"

I'd like to add it's my opinion that the national discourse to which Krugman refers was our media conglomerates, the worst of which is Rupert Murdoch's Fox/News Corp and the hateful right wing radio stations and hosts.

Obama called out Fox and its partisan programming and issue framing as a right wing propaganda machine during his campaign. Internal memos then leaked discussed their strategy if Obama was elected and they were locked out, no longer the darling of the party in power.

It is with great glee that I now see how the proverbial chickens may have come home to roost. Or, how Faux News Corpse and that heinous little troll Rupert Murdoch may have been hoist on their own petard.

Rupert Murdoch's News Corp cut its full-year forecast and posted a worse-than-expected 30 percent drop in quarterly profit because of falling TV advertising. Shares dived 12 percent. The international media conglomerate said display advertising at its Web holdings, including the MySpace social network, was beginning to weaken, and that it was instituting stringent cost-cutting measures company wide. "We're managing down headcount wherever appropriate,"

May they (please) go quietly into the night. It really would be the best thing for America.

(hat tip to DailyKos posters for the Krugman and News Corp info)