Dear Commons Community,

Nobel Laureate and  NY Times columnist, Paul Krugman, has a powerful piece today  on corporate America.  Dr. Krugman describes a situation where corporate movers and shakers are moving almost en masse in their opposition to President Obama.  While the Tea Party may be making all of the news, corporate lions are making their contributions to Republicans in hopes of a defeat in the mid-term elections of Democratic candidates.  Dr. Krugman likens Obama’s position to Franklin Roosevelt and offers the following advice:

“So where does that leave the president and his party? Mr. Obama wanted to transcend partisanship. Instead, however, he finds himself very much in the position Franklin Roosevelt described in a famous 1936 speech, struggling with “the old enemies of peace — business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.”

And that’s not necessarily a bad thing. Roosevelt turned corporate opposition into a badge of honor: “I welcome their hatred,” he declared. It’s time for President Obama to find his inner F.D.R., and do the same. “

The full column  is available at: http://www.nytimes.com/2010/05/24/opinion/24krugman.html?th=&adxnnl=1&emc=th&adxnnlx=1274695258-Kc7EQcIY2IHyZ5l9XRVscga

Tony