Paul Krugman: Just] look at all the speeches and opinion pieces by - TopicsExpress

Paul Krugman: Just] look at all the speeches and opinion pieces by Wall Streeters accusing President Obama of demonizing and persecuting the rich — making the ludicrously self-centered claim that their hurt feelings were the main thing holding the economy back. Now, the very rich are in fact doing worse under Mr. Obama than they would have if Mitt Romney won in 2012 — [they may] have lost some important policy battles. But every group finds itself facing criticism, and ends up on the losing side; that’s democracy. Normal people take it in stride; they don’t cry persecution, compare their critics to Nazis and insist that the world revolves around their hurt feelings. But the rich are different from you and me — that’s [mainly] [because they have more money, and the power that goes with it. They are shocked to discover that money can’t buy everything, can’t insulate them from all adversity.

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