Mitt's standing prescription for America: Go (hardware) shopping

As Romney, in his nomination acceptance speech, hit Obama first for his Medicare cuts and then for the defense cuts triggered by the Budget Control Act, I tweeted that he was attacking Obama for cutting $1.2 trillion in spending - pretty funny for someone supporting a Balanced Budget Amendment to the Constitution.

Paul Krugman made the same point last week -- "OK, so deficit spending hurts the economy — unless it’s spending on the military (or on the medical-industrial complex), in which case cutting spending destroys jobs." Today, he elaborates:

GOP Demonization Index soars again

Speaking at a New York fundraiser heavy with basketball stars on Wednesday, Obama ventured a snapshot of how far the GOP has moved to the right during his presidency:

This is probably the most consequential election of my lifetime, and in a lot of ways, it’s more consequential than the one in 2008.... back in 2008, we were running against a Republican candidate who believed in some basic things that I believe in -- believed that money shouldn’t dominate politics; believed in immigration reform, that we should give every young person who’s here a chance to become an American and contribute to this country; somebody who believed in climate change and believed in science.