Think Big, Obama

President-elect needs to use Democrats' big mandate to bring in a 'new New Deal'
By Rob Quinn,  Newser Staff
Posted Nov 7, 2008 1:50 AM CST
President-elect Barack Obama waves to his supporters after delivering his victory speech at his election night party at Grant Park in Chicago, Tuesday, Nov. 4, 2008.   (AP Photo/David Guttenfelder)
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(Newser) – Barack Obama needs to ignore those who are urging him to start small for either political or practical reasons and seize this chance to bring about the real social reforms voters have mandated, Paul Krugman writes in the New York Times. "This year’s presidential election was a clear referendum on political philosophies—and the progressive philosophy won," Krugman writes.

Expanding health care and unemployment benefits will be costly, especially in light of the financial crisis, Krugman acknowledges. But it is normal for governments to go into the red in depressed times—and a downturn is exactly when those in need should be helped. "Can Barack Obama really usher in a new era of progressive policies?" asks Krugman. "Yes, he can."