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The opposition Democratic Party is delighted by recent news from the international desk -- one the winning of the Nobel Prize in Economics by Prof. Paul Krugman of Princeton University, a leading opponent of the neoliberal policies promoted by the Bush administration. The other is the increasing chances of Barack Obama winning the U.S. presidential election.
Democratic Party spokesman Cho Jung-sik on Tuesday said Krugman¡¯s win ¡°sends a big warning message to the Lee Myung-bak administration. Krugman has been criticizing the economic policies of the Bush administration, which are strikingly similar to the Lee Myung-bak administration¡¯s, as ¡®a near disaster.¡¯ It also shows that there is now worldwide consensus that lifting regulations and cutting taxes is detrimental to the flow of the global economy.¡± The DP is against tax cuts and deregulation, and is using this chance as an opportunity to attack the new conservative government.
The DP also welcomes the increased chance of an Obama victory, saying the U.S. Democrats are ideologically closer to their party platform than the Republicans on issues like welfare. One party official said, ¡°Inter-Korean relations and ties between North Korea and the U.S. can improve only when the Democrats take power because the Democrats prefer direct dialogue with the North, unlike the Republicans, who favor hard-line policies.¡±
(englishnews@chosun.com )
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